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Heavy equipment makers lag the broader market after Caterpillar (CAT -3.2%) lowered its 2015...

Heavy equipment makers lag the broader market after Caterpillar (CAT -3.2%) lowered its 2015 guidance due to slumping demand for mining equipment as well as a sluggish global economic recovery. CAT's cautious forecast is infecting other stocks that also depend on countries like China to keep building homes and factories: JOY -4%, TEX -4.2%, MTW -5.5%.
Comments (4)
  • A 2015 forecast?

     

    Yeah, that's certainly one I'd place a lot of weight on. Most people have no clue where we'll be six months from now.
    25 Sep 2012, 02:34 PM Reply Like
  • The weatherman can't get it right for 3 days!
    25 Sep 2012, 02:48 PM Reply Like
  • CAT will do well, as dollar printing continues, as PMs continue to be hoarded, as home building recovers at least in the US with low rates - will spur demand for digging for all kinds of raw materials.
    25 Sep 2012, 03:08 PM Reply Like
  • What motivates them to make the 2015 prediction?
    25 Sep 2012, 03:16 PM Reply Like
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