These 3 Industrial Stocks are Boosting the DJIA 2.7%
The Dow Jones Industrial Average (NYSE:DIA) is up today 2.7% and stands at 12,190. The large stocks below are among the positive performers today.
General Electric (NYSE:GE): U.S. wind power installations increased 80% year over year. Both General Electric and Siemens are major beneficiaries of this market. GE is up 5.26%. About the Company: General Electric Company is a diversified technology, media and financial services company.
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3M (NYSE:MMM): While industry bellwethers like Caterpillar had a strong earnings season, 3M did not. The question analysts now have is whether 3M or Caterpillar better reflect the actual state of the economy at this moment. Analysts have generally concluded that 3M is the exception, and has problems specific to its business. Nevertheless, 3M is riding the upward wave as well. The stock is up 5.38%. About the Company: 3M Co. conducts operations in electronics, telecommunications, industrial, consumer and office, health care, safety, and other markets.
Caterpillar (NYSE:CAT): Mesirow Finanical’s Adolfo Laurenti points out that the world economy is still growing, and that portends growth in exports and capital spending in U.S. multinationals like Caterpillar. The stock is up 5.09%. About the Company: Caterpillar Inc. designs, manufactures, and markets construction, mining, agricultural, and forestry machinery.
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