Why Caterpillar and Deere Outpaced the Market on Tuesday
Shares of heavy machinery makers (NYSE: CAT) and Deere Company (NYSE: DE) were up 3.2% and 3.0%, respectively, as of 3:44 p.m. ET Tuesday versus the S 500's (SNPINDEX: ^GSPC) more modest gain of only 0.65%. While no company-specific news surfaced for either name, the economic backdrop increasingly favors both stocks.
It's complicated, sort of.
While farming equipment outfit Deere and mining/construction equipment company Caterpillar are both sensitive to economic strength or weakness, both are also subject to other factors. Chief among these factors is the price of the materials needed to build their wares -- steel, namely. High steel prices can undermine results that would otherwise be robust due to economic strength. Conversely, low steel prices can salvage weak results stemming from a tepid economy.
Source Fool.com
Caterpillar Inc. Aktie
Einige positive Einschätzungen für Caterpillar Inc. mit mehr Buy- als Sell-Einschätzungen.
Das Kursziel von 332 € für Caterpillar Inc. zeigt eine leichte Steigerung gegenüber dem aktuellen Kurs von 311.0 € an.
