Why Heavy Equipment Stocks Gained Ground Today
Over the weekend, the United States and China laid out the framework for a trade deal and suspended some of the most onerous tariffs imposed by the two countries.
It isn't a done deal yet, but shares of heavy equipment companies that were facing a two-sided blow from the tariffs are rallying on the news. Shares of Caterpillar (NYSE: CAT) climbed as much as 8% on Monday before falling back to up 5%, while shares of Toro (NYSE: TTC) and Deere Co. (NYSE: DE) were up as much as 5%. Deere gave some of that gain back late in the day and was up just 1% as of 3:30 p.m. ET.
Image source: Caterpillar.
Source Fool.com
Caterpillar Inc. Aktie
588,00 €
-2,97 %
Deutliches Buy-Überwiegen bei Caterpillar Inc. im Vergleich zu Sell-Einschätzungen.
Das Kursziel von 622 € für Caterpillar Inc. zeigt eine leichte Steigerung gegenüber dem aktuellen Kurs von 588.0 € an.
