Caterpillar (CAT +0.5%) released its July dealer statistics late Friday, showing growth in its global machine rolling-three-month period last month was better than in June and higher than expected. Growth in Asia-Pacific and North America looks strong. Power systems sales rose 4%, only a slight deceleration as transport and petroleum demand offset weakness in industrial and electric power markets. [View news story]
Cat (the Gentle Bulldozers as Fortune magazine called them) continues to sell a superior product at a premium price and enjoy the status of world market leader. Sorry, I bleed yellow.
Caterpillar (CAT +0.5%) released its July dealer statistics late Friday, showing growth in its global machine rolling-three-month period last month was better than in June and higher than expected. Growth in Asia-Pacific and North America looks strong. Power systems sales rose 4%, only a slight deceleration as transport and petroleum demand offset weakness in industrial and electric power markets. [View news story]