Companies are actually spending money, it's just not on payrolls, writes Minyanville's Steve...

|By:, SA News Editor

Companies are actually spending money, it's just not on payrolls, writes Minyanville's Steve Smith. Investment in equipment and software has soared 26% since the end of the recession, while the jobless rate has barely budged. Standing ready to profit from the trend are large-cap global manufacturers: John Deere (DE), Caterpillar (CAT), Cummins (CMI), Joy Global (JOYG).