Hot Valued Stocks To Buy For 2015: Caterpillar Inc.(CAT)
Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. It operates through three lines of businesses: Machinery, Engines, and Financial Products. The Machinery business offers construction, mining, and forestry machinery, including track and wheel tractors, track and wheel loaders, pipelayers, motor graders, wheel tractor-scrapers, track and wheel excavators, backhoe loaders, log skidders, log loaders, off-highway trucks, articulated trucks, paving products, skid steer loaders, underground mining equipment, tunnel boring equipment, and related parts. It also manufactures diesel-electric locomotives; and manufactures and services rail-related products and logistics services for other companies. The Engines business provides diesel, heavy fuel, and natural gas reciprocating engines for Caterpillar machinery, electric power generation systems, marine, petrol eum, construction, industrial, agricultural, and other applications. It offers industrial turbines and turbine-related services for oil and gas, and power generation applications. This business also remanufactures Caterpillar engines, machines, and engine components; and offers remanufacturing services for other companies. The Financial Products business provides retail and wholesale financing alternatives for Caterpillar machinery and engines, solar gas turbines, and other equipment and marine vessels, as well as offers loans and various forms of insurance to customers and dealers. It also offers financing for vehicles, power generation facilities, and marine vessels. The company markets its products directly, as well as through its distribution centers, dealers, and distributors. It was formerly known as Caterpillar Tractor Co. and changed its name to Caterpillar Inc. in 1986. Caterpillar Inc. was founded in 1925 and is headquartered in Peoria, Illinois.
! Advisors' Opinion:- [By Victor Reklaitis]
Boeing (BA) drew 12.2% of its 2013 revenue from the worlds No. 2 economy, while for Nike (NKE) , it was 9.7%, according to FactSet data. China and Hong Kong delivered 18.8% of Intels (INTC) revenue last year, and Caterpillar (CAT) got 22.4% of its annual revenue from its Asia-Pacific segment, which includes China.
- [By Dan Caplinger]
Contributing the most to the Dow's decline is Caterpillar (NYSE: CAT ) , which is down 2.2%. The construction and mining equipment maker reported an even larger pullback in earnings and revenue than investors had expected, with earnings per share falling 43% on a nearly 16% decline in sales. Given the poor levels of global construction activity and the big declines in commodity prices during the second quarter, the news wasn't a huge surprise, but Caterpillar also cut its full-year 2013 earnings guidance by $0.50 per share to $6.50. Although the company will implement further cost-cutting measures throughout the rest of the year, Asia continues to weigh heavily on Caterpillar's sales, which dropped 21% in the region. Any recovery for Caterpillar will likely take longer than expected unless economies around the world rebound quickly.
- [By John Divine]
Lastly, Caterpillar (NYSE: CAT ) stock was one of just seven decliners in the index, losing 1.5% today. Nearly 5% of Caterpillar's float is being sold short, making it the second most loathed stock in the Dow. Talks between Caterpillar and the United Steelworkers Union broke off late yesterday, showing the extent of the differences between the two sides as the 800 workers try to negotiate new contracts.
- [By Jayson Derrick]
An! alysts at! Tigress Financial upgraded Caterpillar (NYSE: CAT) to Neutral from Underperform. Shares lost 1.25 percent, closing at $103.38.
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source from Top Penny Stocks For 2015:http://www.topstocksforum.com/hot-valued-stocks-to-buy-for-2015-3.html
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