Large Cap Capital Goods Stocks are Headed Higher

Large-cap companies in the Capital Goods sector are up more than the broader market today.  Following is some information on five of them, and what is moving these shares.

  • Caterpillar, Inc. (NYSE:CAT): The shares recently traded at $78.75, up $3.23, or 4.28%, on the day.  The shares have traded in a 52-week range of $67.54 to $116.55 and its market capitalization is $50.89 billion.  Despite trading near its 52-week low, the company has increased its sales over the past four quarters and analysts don’t see any reason why this will not continue.  About the company: Caterpillar, Inc. designs, manufactures, and markets construction, mining, agricultural, and forestry machinery.  The Company also manufactures engines and other related parts for its equipment, and offers financing and insurance.  Caterpillar distributes its products through a worldwide organization of dealers.
  • Deere & Company (NYSE:DE): The shares recently traded at $69.49, up $3.79, or 5.77%, on the day.  The shares have traded in a 52-week range of $59.92 to $99.80 and its market capitalization is $28.74 billion.  The company recently announced plans to build two plants in Brazil in order to meet a growing demand for construction equipment in South America.  About the company:  Deere & Company manufactures and distributes a range of agricultural, construction and forestry, and commercial and consumer equipment.  The Company supplies replacement parts for its own products and for those of other manufacturers.  Deere also provides products and parts financing services.
  • Cummins, Inc. (NYSE:CMI): The shares recently traded at $93.07, up $2.90, or 3.22%, on the day.  The shares have traded in a 52-week range of $79.53 to $121.49 and its market capitalization is $18.12 billion.  Cummins has been one of Jim Cramer’s favorite stocks over the past month.  About the company:  Cummins, Inc. designs, manufactures, distributes and services diesel and natural gas engines.  The Company also manufactures electric power generatio systems and engine-related component products, including filtration and exhaust aftertreatment, fuel systems, controls, and air handling systems.
  • The Boeing Company (NYSE:BA): The shares recently traded at $64.02, up $2.21, or 3.58%, on the day.  The shares have traded in a 52-week range of $56.01 to $80.65 and its market capitalization is $47.44 billion.  Zacks is reporting that the company increased its deliveries in the third quarter as compared to the year ago period.  About the company:  The Boeing Company, together with its subsidiaries, develops, produces, and markets commercial jet aircraft, as well as provides related support services to the commercial airline industry worldwide.  The Company also researches, develops, produces, modifies, and supports information, space, and defense systems, including military aircraft, helicopters and space and missile systems.
  • Goodrich Corporation (NYSE:GR): The shares recently traded at $120.70, up $0.32, or 0.27%, on the day.  The shares have traded in a 52-week range of $74.36 to $122.33 and its market capitalization is $15.09 billion.  Goodrich Corporation was recently acquired by United Technologies (NYSE:UTX) and the shares have been bid up on speculation that the merger will go through.  About the company: Goodrich Corporation supplies aerospace components, systems, and services to customers located worldwide.  The Company manufactures various aerostructures, aircraft evacuation systems, passenger restraint systems, sensor systems, pump and engine controls, de-icing systems, and other products.  Goodrich serves the commercial, military, general aviation, and space industries.

(Note: Selected financial data are sourced from Google Finance.  All data are assumed to be accurate.)

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