By Renu Singh:Shares of construction and mining equipment giant Caterpillar (CAT) are beating the market so far this year. Caterpillar is up more than 13%, and the company's first-quarter results that were reported recently were also strong.
A US Senate investigative panel is examining Caterpillar Inc. (CAT) over whether the company improperly avoided US taxes, said sources close to the matter. The lawsuit contends the machinery manufacturer used off-shore accounts in an attempt to hide profits from the Internal Revenue Service (IRS).
Briatin’s manufacturers enjoyed a new year jump in orders as demand from overseas rose at its fastest pace for three years, reports The Guardian.
The first gauge of activity in the sector for 2014 suggested jobs growth continued in January but the rapid recovery in overall factory activity eased off.
At a time when Street analysts are lowering target price on Tesla Motors Inc (NASDAQ:TSLA) stock, following poor fourth-quarter results, Adam Jonas from Morgan Stanley remains bullish on the stock.
The sell-side firm reiterates an Overweight rating on the stock and sticks to a target price of $280. Regarding Tesla’s big expansion plans, the analyst said: “Tesla is preparing to be a much larger company than we have forecasted.”
Following last year's widely-publicized plunge in gasoline prices, a lot of economists were optimistic we could be on the brink of a new boom in consumer spending, something that'd be especially bullish as personal consumption accounts for nearly 70% of the US economy.
Good morning, AdLand. Here's what you need to know today: Construction equipment company Caterpillar made a viral video in which several of its excavator machines play a game of Jenga using 600-pound wood blocks. It's a pretty impressive achievement keeping the structure standing for as long as the machine operators do, but when the blocks come tumbling down, it really is quite a crash. The video was posted about two weeks ago and has more than 1 million YouTube views.
Investor's Business Daily - Despite recent reports indicating a weakening global economy, the construction and mining equipment giant boosted its dividend and affirmed its full-year forecast. Caterpillar , seen as a bellwether of int'l economic growth, raised its quarterly dividend 4.5% to 46 cents and backed its 2011 EPS outlook of $6.25-$6.75 vs. views of $6.85, on revenue of $52 bil-$54 bil, the midpoint below views. Shares fell 1.8% to 98.04.
Brian Rezny submits: We’ve all heard about “too big to fail”…but what about too big to succeed? In a recent letter, Research Affiliates discussed this very topic, and it deserves another mention. The question: are large-cap, blue chip stocks a good deal…or are they really too big to succeed? The answer: It depends on who you ask. According to some fund managers, blue chips are a bargain.
Chuck Carnevale submits:Yesterday the following PRNewswire press release reported that S&P indices announced a powerful uptrend in dividend increases for calendar year 2011. This provides continued validation of the unique opportunity that blue-chip dividend paying stocks offer investors today.
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