(CAT) Caterpillar, Incorporated – Bull of the Day

December 1st, 2009

Caterpillar (CAT) is a market leader in construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. With its strong brand name, pricing power, and global dealer network, we believe Caterpillar is well positioned to take advantage of the growing need for infrastructure development globally.

Though the company expects 2009 sales to decline more than 35% year-over-year, it anticipates an improvement in its top-line in 2010. The company forecasts a 10% to 25% increase in sales for 2010, compared to the midpoint of the 2009 outlook range.

Asserting its optimistic outlook, the company recently announced plans to increase its machinery prices by 2% effective January 2010. We have upgraded the stock to Outperform.

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More on this topic (What's this?)
Using Caterpillar to Gauge Global Demand (Investment U, 11/14/11)
Caterpillar Reports; Not Much New (In the Know:A Financial Blog by ..., 10/20/09)
Caterpillar Sales Are Down by 53% But Lo and Behold: THEY BEAT FORECASTS (www.thedailytradingrisk.blogspot..., 10/20/09)
Komatsu: Japan’s Version of Caterpillar (Investment U, 10/27/11)
Read more on Caterpillar at Wikinvest

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