United Tech (UTX) and Caterpillar (Cat) Lead Industrials Higher
Tweet Send to a Friend
Industrial stocks are moving higher Thursday, with the industrial ETF (NYSE: XLI) up 1.4 percent. Large-cap names like United Technologies Corp. (NYSE: UTX) and Caterpillar Inc. (NYSE: CAT) are leading the charge, up 3 and 2 percent respectively. Traders are bullish on this sector as growth prospects in China are a little brighter following a surprise 25 basis point cut by the China central bank.
Last month analysts at Barclays reiterated their Overweight rating on UTX stating that EPS guidance is likely to hold despite fears about a global slowdown.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Last month analysts at Barclays reiterated their Overweight rating on UTX stating that EPS guidance is likely to hold despite fears about a global slowdown.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Markets Fluctuate on Chatter of Early QE Exit by Fed
- Pratt & Whitney Rocketdyne and RD AMROSS Propel Modernized Navigation Satellite into Orbit
- NORESCO Selected as a Qualified Energy Services Provider for Connecticut's Lead By Example Program
Create E-mail Alert Related Categories
ETFsRelated Entities
Barclays
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
