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
712,20 €
0,79 %
Caterpillar Inc. wird von der Community leicht favorisiert: Mehr Buy- als Sell-Einschätzungen.
Für Caterpillar Inc. sieht die Community ein leicht positives Kursziel von 752 €, verglichen mit dem aktuellen Kurs von 712.2 €.
