Actionable news
0
All posts from Actionable news
Actionable news in CAT: CATERPILLAR Inc,

Caterpillar, Honeywell Depict Broader Industrials Boom

0

Industrials are certainly booming right now, as boosts in commodity prices and early signs of improvement in international markets provide optimism for investors.

Shares of large cap players like Caterpillar (CAT - Get Report) , Alcoa (AA - Get Report) , Honeywell (HON - Get Report) and General Electric (GE - Get Report) have trended significantly upward in the past 3 months, many more than 15% and some above 30%.

"I think the industrials are in bull mode," Jim Cramer, TheStreet's founder and manager of the Action Alerts PLUS portfolio, which owns GE. "General Electric had a really remarkable quarter, and they did quite well."

The bullish demeanor across the broader industrials space has bred widespread speculation on whether or not individual stocks will continue to take off, but according to Vertical Research Partners analyst Joe O'Dea, certain few may be poised for better growth as the year continues...


More