Why 3M, Caterpillar, and Deere & Company Rallied Today
Shares of industrial giants 3M (NYSE: MMM), (NYSE: CAT), and Deere Company (NYSE: DE) were rallying hard on Friday, up 8.5%, 8.2%, and 5.2%, respectively, as of 3 p.m. ET.
Friday's news was particularly good for 3M but also for industrial stocks in general. Today, 3M jumped on a Bloomberg News report that it may settle a massive pollution lawsuit for less than was feared by the markets.
While the lower-than-feared settlement news might have lowered perceived risk for peers, the other industrial stocks were likely higher due to today's better-than-expected jobs report, allaying fears over a potential economic downturn.
Source Fool.com
Caterpillar Inc. Aktie
307,00 €
0,99 %
Positive Stimmung für Caterpillar Inc. mit mehreren Buy- gegenüber Sell-Einschätzungen.
Das Kursziel von 332 € für Caterpillar Inc. weist auf eine leichte Verbesserung gegenüber dem aktuellen Kurs von 307.0 € hin.
