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CAT CAT Strategic Metals Corporation

0.005
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
CAT Strategic Metals Corporation CSE:CAT CSE Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.005 0.005 0.01 0 01:00:00

MARKET SNAPSHOT: Stocks, Caterpillar Fueled By Low Expectations

21/07/2009 4:33pm

Dow Jones News


CAT Strategic Metals (CSE:CAT)
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By Kate Gibson

In looking at second-quarter earnings season, U.S. stock market analysts anticipate year-over-year earnings for the industrial complex to plunge about 43%, with the sector expected to be among the top four worst performers.

"That low bar that has been set makes it easier for companies like Caterpillar Inc. and Deere & Co. to beat expectations," said Art Hogan, chief market strategist, Jefferies & Co.

On Tuesday, shares of Caterpillar (CAT) gained 11% after the heavy equipment maker reported results topping expectations. .

Deere (DE) rose over 3%.

And, Caterpillar fronted gains on the Dow Jones Industrial Average (DJI), which rose 68.93 points to 8,917.08. The S&P 500 (SPX) added 2.10 points to 953.23, while the Nasdaq Composite (RIXF) fell 1.81 points to 1,907.48.

 
 

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1 Year CAT Strategic Metals Chart

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