10 Best Valued Stocks To Watch Right Now: Caterpillar Inc.(CAT)
Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. It operates through three lines of businesses: Machinery, Engines, and Financial Products. The Machinery business offers construction, mining, and forestry machinery, including track and wheel tractors, track and wheel loaders, pipelayers, motor graders, wheel tractor-scrapers, track and wheel excavators, backhoe loaders, log skidders, log loaders, off-highway trucks, articulated trucks, paving products, skid steer loaders, underground mining equipment, tunnel boring equipment, and related parts. It also manufactures diesel-electric locomotives; and manufactures and services rail-related products and logistics services for other companies. The Engines business provides diesel, heavy fuel, and natural gas reciprocating engines for Caterpillar machinery, electric power generation systems, marine, petrol eum, construction, industrial, agricultural, and other applications. It offers industrial turbines and turbine-related services for oil and gas, and power generation applications. This business also remanufactures Caterpillar engines, machines, and engine components; and offers remanufacturing services for other companies. The Financial Products business provides retail and wholesale financing alternatives for Caterpillar machinery and engines, solar gas turbines, and other equipment and marine vessels, as well as offers loans and various forms of insurance to customers and dealers. It also offers financing for vehicles, power generation facilities, and marine vessels. The company markets its products directly, as well as through its distribution centers, dealers, and distributors. It was formerly known as Caterpillar Tractor Co. and changed its name to Caterpillar Inc. in 1986. Caterpillar Inc. was founded in 1925 and is headquartered in Peoria, Illinois.
Advisors' Opinion:- [By Jeremy Bowman]
The Dow Jones Industrial Average (DJINDICES: ^DJI ) traded mostly mixed today as investors reacted to an ambiguous earnings season thus far, finishing the day up 0.1%. Even then, it was the worst performer among the three major indexes. Stock downgrades weighed on the blue chips, while Caterpillar (NYSE: CAT ) shares jumped despite missing earnings estimates.
- [By Rich Duprey]
The dichotomy between the two segments would seem to represent what we've seen in the broader market where agriculture equipment powerhouse Deere (NYSE: DE ) beat analyst expectations in the first quarter as it said it strong, 5% growth throughout the year should be expected, while construction equipment leader Caterpillar (NYSE: CAT ) had to cut jobsbecause of waning demand.
- [By Matt Thalman]
Before we get to the Dow's biggest losers of the week, let's look at its top performer, Caterpillar (NYSE: CAT ) , which rose 8.98%. Shares began to rise on Monday after the company reported earnings and never looked back. Although revenue dropped 10% during the quarter, net income was much higher than Wall Street was expecting. The board also approved a $10 billion share-buyback program, and management said it's starting to see an improving world economy.
source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/10-best-valued-stocks-to-watch-right-now-3.html
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