Caterpillar: Low-Cost Bet on Growth (Barron’s)
It’s time to re-evaluate Caterpillar in anticipation of sharper gains driven by strengthening global economies. At a time when many dividend stocks, such as telecoms and utilities, are trading at steep earnings multiples, industrial stocks with international revenue streams are suddenly attracting significant investor interest. Caterpillar Inc. (NYSE:CAT) rose 3% in the previous session, sharply outperforming the 1% gain for the Standard & Poor’s 500 index. Traders apparently saw robust economic data in China as good news for the mining and construction machinery maker.
Environmentalists, Tribe Seek To Halt GE Megaloads (Manufacturing Business Technology)
Environmentalists and the Nez Perce Tribe told a federal judge Monday he was their last hope in stopping further shipments of giant oil-field equipment from winding down an Idaho mountain highway toward Canada’s tar sands. Meanwhile, a lawyer for a General Electric Company (NYSE:GE) subsidiary told U.S. District Judge B. Lynn Winmill that the courts had no authority to interfere with the company’s second 225-foot-long, 640,000-pound water evaporator, slated to travel on U.S. Highway 12 on Sept. 18. Its first evaporator, shipped on the route in August, attracted numerous protesters, 20 of whom were arrested.
Alcoa to Combine UBC, Scrap Purchasing Operations (Recycling Today)
The aluminum firm Alcoa Inc (NYSE:AA) has announced plans to combine Evermore Recycling, its group that is responsible for recycling aluminum in the packaging market, with its aluminum scrap purchasing group, which recycles aluminum used in other markets such as aerospace, automotive and industrial, into a single organization that it will call Alcoa Recycling. The two groups collected for recycling about 1.4 billion pounds of aluminum scrap combined in 2012. Alcoa notes that by merging the two groups into Alcoa Recycling, it will be able to leverage the two divisions’ strengths and go to the market in a singular, focused manner, says Michael Boyle, Alcoa Inc (NYSE:AA)’s director of metal management, who will oversee the combined group.
TheStreet Reiterates “Buy” Rating for Caterpillar (CAT) (Ticker Report)
Caterpillar Inc. (NYSE:CAT)‘s stock had its “buy” rating reiterated by equities research analysts at TheStreet in a research note issued to investors on Tuesday, Analyst Ratings Network reports. The analysts wrote, “Caterpillar has been reiterated by TheStreet Ratings as a buy with a ratings score of B. The company’s strengths can be seen in multiple areas, such as its good cash flow from operations, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
Delphinus Medical lands $6M from General Electric (Mass Device)
General Electric Company (NYSE:GE) said its GE Capital arm lent $6 million to Delphinus Medical Technologies for its SoftVue whole breast tomography system. The loan is aimed at “clinical and early commercialization efforts” for Plymouth, Mich.-based Delphinus, according to a press release. “We will continue to work closely with Delphinus as they move down the path of developing and commercializing their innovative technology,” GE Capital’s Anthony Storino said in prepared remarks.
Why is Dow changing its components? (CNBC.con)