Caterpillar, Inc. (NYSE:CAT)

CAPS Rating: 3 out of 5

The company is engaged in construction & mining equipment, diesel & natural gas engines and industrial gas turbines in its size range. It operates in 3 principal lines of business: Machinery, Engines and Financial Products.

Recs

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Player Avatar adamlevy (71.64) Submitted: 11/13/2012 2:00:08 PM : Outperform Start Price: $81.16 CAT Score: -7.48

China's economy looks to be moving back on track. Increased lending and approval of infrastructure projects will help the company going forward.

Also, U.S. construction outlook is good. 1 million net new house constructions are expected in 2013. Education, highway, and energy construction projects that were delayed in 2012 are expected to move forward in 2013 and 2014. The panama canal expansion is expected to be completed by 2015. There are a lot of prospects for Caterpillar in the US and abroad.

~$85 looks to be a new support level, and I expect shares to climb back to $115 levels.

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