Caterpillar and 2 DJIA Stocks Outperforming in a Flat Market

The Dow Jones Industrial Average (NYSEARCA:DIA) is up today by 0.03% to 12,363. Although markets are basically flat, here’s why these stocks are strongly outperforming the index.

Caterpillar Inc (NYSE:CAT) will expand its headquarters of research and development in China to facilitate the growth of Asia-Pacific market, company and local government officials said. “China is the largest construction equipment market in the world, and Caterpillar continues to invest in China to help our Chinese customers succeed and to position Caterpillar for long-term leadership in China,” said Caterpillar VP Tana Utley. CAT shares recently traded at $96.90, up $1.14, or 1.19%. They have traded in a 52-week range of $67.54 to $116.55. Volume today was 2,905,417 shares versus a 3-month average volume of 8,634,090 shares. The company’s trailing P/E is 14.81, while trailing earnings are $6.54 per share.

Don’t Miss: U.S. Companies Face Slowing Growth as European Crisis Impacts Global Sales.

Cisco Systems (NASDAQ:CSCO) is nearing a multi-month price high at $19.19 as technical factors are attracting traders. The company has been benefitting from interest in cloud computing and many accounts by telecom and cable companies that broadband usage is exploding. Cisco makes many components needed as the internet grows. CSCO shares recently traded at $19.08, up $0.23, or 1.22%. They have traded in a 52-week range of $13.30 to $22.34. Volume today was 19,732,625 shares versus a 3-month average volume of 48,678,500 shares. The company’s trailing P/E is 16.47, while trailing earnings are $1.16 per share.

Alcoa (NYSE:AA) is in the spotlight today as earnings season beings after the bell. The stock is up over 2 percent. So, traders must think the bad news is priced in and there’s some upside possibilities to the aluminum giants announcement. AA shares recently traded at $9.38, up $0.22, or 2.4%. They have traded in a 52-week range of $8.45 to $18.47. Volume today was 23,079,379 shares versus a 3-month average volume of 33,302,200 shares. The company’s trailing P/E is 9.84, while trailing earnings are $0.95 per share.

Investing Insights: Global Slowdown may Hurt Alcoa Earnings.

To contact the reporter on this story: Damien Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com