This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

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.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AGCO $48.74 0.00%
CAT $84.60 0.00%
DE $88.90 0.00%
MWA $10.18 0.00%
MTW $20.08 0.00%


DOW 18,034.93 +208.63 1.17%
S&P 500 2,100.40 +19.22 0.92%
NASDAQ 4,994.6020 +62.7870 1.27%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs