Where’s the Massive Sell-Off?: General Electric Company (GE) and More

Page 2 of 2

Finally, shares of Caterpillar Inc. (NYSE:CAT) are down more than 1% after its principal domestic competitor, Deere & Company (NYSE:DE), reported earnings for its fiscal first quarter. While Deere beat estimates, analysts focused on its cautious forward outlook.

CEO Samuel Allen commented:

We’re confident our investment in new products and additional capacity will help Deere fully capitalize on the world’s growing need for food, shelter and infrastructure in the years ahead. However, the near-term outlook is being tempered by uncertainties over fiscal, economic and trade issues that are undermining business confidence and restraining growth.

The article Where’s the Massive Sell-Off? originally appeared on Fool.com and is written by John Maxfield.

John Maxfield has no position in any stocks mentioned. The Motley Fool recommends McDonald’s. The Motley Fool owns shares of General Electric Company and McDonald’s.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Page 2 of 2