BofA Eyes $10, Caterpillar Above $85 and 2 Dow Movers Attract Investor Attention
The Boeing Company (NYSE:BA) might see stiffer competition from Airbus if it boosts production for its A350-1000, which is the largest of the A350 airplanes, say sources to Bloomberg.
Bank of America Corporation (NYSE:BAC) shares were trading close to a 52-week high on Monday at $9.53. During the past 30 days, average volume has been 133.1 million shares. The firm has a market cap of $102.06 billion. Shares were up 69.8 percent thus far in 2012 as of the close on Friday.
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Caterpillar (NYSE:CAT) says that, “At this point, we expect 2013 sales will be similar overall to 2012, but with a slightly weaker first half and a slightly better second half. While machine deliveries to end users have continued to hold up, our sales will probably remain relatively weak early in 2013 as dealers are likely to continue reducing inventories. When expected dealer inventory reductions level off, and easing actions by central banks and governments around the world begin to improve economic growth, we expect our business will begin to improve. While there’s reason for optimism, and we’re not expecting a global recession in 2013, we are prepared and stand ready to take action no matter what happens to the global economy.”
The Walt Disney Company (NYSE:DIS) wants to establish Disney Fairies as a multi-format franchise, similarly to that arrangement surrounding its Princess characters. Introduced in 2005, the Disney Fairies franchise includes a website, videos, toys, music and other projects, says the Wall Street Journal. Thus far, more than 1,400 Disney Fairies and Tinker Bell books have been published in 57 countries and 33 languages while over 1.6 million copies of Disney Fairies magazines have been sold.
Don’t Miss: Caterpillar Downgrades Global Economy.