Caterpillar Inc (CAT): Today's Featured Industrial Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Industrial industry lower today making it today's featured Industrial laggard. The industry as a whole closed the day down 0.5%. By the end of trading, Caterpillar fell $2.08 (-2.4%) to $83.44 on heavy volume. Throughout the day, 16,507,899 shares of Caterpillar exchanged hands as compared to its average daily volume of 6,218,800 shares. The stock ranged in price between $82.64-$85.28 after having opened the day at $84.58 as compared to the previous trading day's close of $85.52. Other companies within the Industrial industry that declined today were:
(
), down 17.9%,
China Recycling Energy Corporation
(
), down 6.8%,
(
), down 5.4% and
(
), down 5.2%.
Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. Caterpillar has a market cap of $56.6 billion and is part of the industrial goods sector. Shares are down 4.0% year to date as of the close of trading on Tuesday. Currently there are 12 analysts that rate Caterpillar a buy, no analysts rate it a sell, and 7 rate it a hold.
TheStreet Ratings rates
Caterpillar
as a
. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Caterpillar Ratings Report.
On the positive front,
(
), up 49.2%,
Asia Pacific Wire & Cable Corp
(
), up 10.9%,
(
), up 8.2% and
(
), up 5.5% , were all gainers within the industrial industry with
(
) being today's featured industrial industry leader.
- Use our industrial section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial industry could consider
SPDR Dow Jones Industrial Average
(
) while those bearish on the industrial industry could consider
ProShares UltraShort Industrials
(
).
- Find other investment ideas from our top rated ETFs lists.
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