Top 10 Undervalued Companies To Invest In 2015: Caterpillar Inc.(CAT)
Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. It operates through three lines of businesses: Machinery, Engines, and Financial Products. The Machinery business offers construction, mining, and forestry machinery, including track and wheel tractors, track and wheel loaders, pipelayers, motor graders, wheel tractor-scrapers, track and wheel excavators, backhoe loaders, log skidders, log loaders, off-highway trucks, articulated trucks, paving products, skid steer loaders, underground mining equipment, tunnel boring equipment, and related parts. It also manufactures diesel-electric locomotives; and manufactures and services rail-related products and logistics services for other companies. The Engines business provides diesel, heavy fuel, and natural gas reciprocating engines for Caterpillar machinery, electric power generation systems, marine, petrol eum, construction, industrial, agricultural, and other applications. It offers industrial turbines and turbine-related services for oil and gas, and power generation applications. This business also remanufactures Caterpillar engines, machines, and engine components; and offers remanufacturing services for other companies. The Financial Products business provides retail and wholesale financing alternatives for Caterpillar machinery and engines, solar gas turbines, and other equipment and marine vessels, as well as offers loans and various forms of insurance to customers and dealers. It also offers financing for vehicles, power generation facilities, and marine vessels. The company markets its products directly, as well as through its distribution centers, dealers, and distributors. It was formerly known as Caterpillar Tractor Co. and changed its name to Caterp! illar Inc. in 1986. Caterpillar Inc. was founded in 1925 and is headquartered in Peoria, Illinois.
Advisors' Opinion:- [By Ben Levisohn]
Shares of Joy Global have dropped 1.4% to $62.98 at 10:48 a.m. today, while Caterpillar (CAT) has fallen 0.3% to $108.25, Manitowoc (MTW) has declined 0.3% to $28.34 and Terex (TEX) is off 0.3% at $37.22.
- [By Jayson Derrick]
Analysts at Tigress Financial upgraded Caterpillar (NYSE: CAT) to Neutral from Underperform. Shares lost 1.25 percent, closing at $103.38.
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- [By Jayson Derrick]
Caterpillar (NYSE: CAT) will purchase $2.5 billion of its common stock under an accelerated stock repurchase transaction. Shares gained 0.52 percent, closing at $104.69.
- [By Dimitra DeFotis]
The S&P 500 Index climbed 0.57 points, or 0.03%, to 1,978.91 on Monday, the fourth rise in the past five trading days. The Dow Jones Industrial average rose 22.02 points or 0.13% to 16,982.59, snapping a three-day losing streak. Among the Dow’s laggards: Caterpillar (CAT), Visa (V), Microsoft (MSFT) and Coca-Cola (KO). Dow transports were down 1.13% on the day.
source from Top Stocks For 2015:http://www.topstocksblog.com/top-10-undervalued-companies-to-invest-in-2015.html
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