Sector Snap: Heavy Equipment Shares Rising
NEW YORK (AP) ¿ Shares of heavy equipment makers rose Monday after RBC Capital Markets initiated coverage on many companies in the sector with positive ratings due in part to the firm's outlook on the global commodities cycle.
Analyst Seth Weber started the following companies at "Outperform," the highest rating:
¿ mining equipment manufacturers Bucyrus International Inc. and Joy Global Inc.
¿ mining and construction equipment giant Caterpillar Inc.¿ Mueller Water Products Inc., which makes fire hydrants, valves and iron pipes ¿ construction-equipment rental company RSC Holdings Inc. and United Rentals Inc. ¿ heavy equipment maker Terex Corp. "We have a favorable view of the commodities cycle and mining machinery is our preferred way to participate," Weber wrote in a note to investors Monday. He also said the strong global presence of Bucyrus and Caterpillar, especially in emerging markets, should help sales soon.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV