Why Caterpillar Stock Is Jumping Today
(NYSE: CAT), one of the 30 Dow stocks, zoomed this morning and was up a solid 7.4% as of 11 a.m. ET.
Caterpillar is often considered a bellwether of the economy given its leadership in the heavy machinery, construction, and mining industries. So when a bellwether reports blowout numbers amid fears of a global slowdown, the markets are bound to react positively.
Here are the key numbers from Caterpillar's second-quarter earnings report that was released this first day of August:
Source Fool.com
Caterpillar Inc. Aktie
309,00 €
-0,64 %
Die Community neigt bei Caterpillar Inc. zu Buy-Einschätzungen, mehr als zu Sell-Einschätzungen.
Ein positives, aber moderates Potenzial für Caterpillar Inc. mit einem Kursziel von 332 € im Vergleich zu 309.0 €.
