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.
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.
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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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.
By Brad Thomas:A few days ago someone commented on an article that "the words 'blue chip' refer to stocks on the Dow" and while that may have been the case before my time, the generally accepted definition of a blue-chip is summed up by Investopedia as:
By Spencer Knight:
Blue-chip stocks are great investment decisions for a number of reasons. One of the most important reasons is that blue-chip companies are supposed to be strong enough to withstand economic turmoil. A second reason to invest in blue chips is the history of paying a dividend. In theory blue chips are strong enough to continually pay and increase their dividend regardless of the economic environment.
By David Alton Clark:The following Blue Chip stocks have the highest EPS growth rates in the Dow over the current fiscal year, great stories and positive catalysts for future growth. Blue Chip stocks are seen as a less volatile investment than owning shares in companies without blue chip status because blue chips have an institutional status in the economy. Investors may buy blue chip companies to provide solid growth in their portfolios.