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. Stock
€309.00
-0.640%
With 16 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 332 € there is a slightly positive potential of 7.44% for Caterpillar Inc. compared to the current price of 309.0 €.
