CAT

[rffrydr]

Durables tomorrow:

http://pg.photos.yahoo.com/ph/h00ey@sbcglobal.net/detail?.dir=4d31&.dnm=174d.jpg&.src=ph

It's earned it.
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Today is the Tomorrow you worried about Yesterday!

[nodoodahs]

[rffrydr]

Yes CAT did it again:

http://www.marketwatch.com/news/story/caterpillar-shares-gaining-earnings-revised/story.aspx?guid=%7B7CE598F1%2DCD65%2D411A%2DA2A2%2DB57A9B82284C%7D&dist=morenews


Low buck really gives these guys an edge. Interesting in the commentary how they are counting on a FED cut.

[HenryTo]

Believe it or not, I actually looked over the 2006 10-K of CAT over the weekend. Financials and outlook still look pretty good to me, despite the fact that historically it has been a very cyclical play.

The $11 billion corporate pension plan remains a downer - and it is slightly underfunded (about $1 billion) on a "PBO" basis.

The infrastructure story, however, remains intact - unless spreads really blow out over the next six to nine months.

Best regards,

Henry

[rffrydr]

Well your stealth bear came out in the open last week, Bill. Failing on the average/2deviation cross.

http://stockcharts.com/h-sc/ui?s=CAT&p=W&b=5&g=0&id=p09348811784

And from what I see, they're lined up to buy.
_________________
Today is the Tomorrow you worried about Yesterday!

[rffrydr]

Posts third consecutive year of record earnings and promising another, but that bugaboo that surfaced with tires, then seen in oil cos costs is still with us:

"...key focus in 2007 will be cost management."

http://www.forbes.com/feeds/ap/2007/01/26/ap3366501.html

Still down 25% from May. Something must've rotated.
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Today is the Tomorrow you worried about Yesterday!

[rffrydr]

DuetcheBAnk's call for 0%GDP gets the lie put to it right here--falling dollar on a very American product with big international base. Boeing also here, other better indicators?

So far only confirmation of slowdown.
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Today is the Tomorrow you worried about Yesterday!

[rffrydr]

CAT not holding water here at 1300, Fluor guids down and GE not doing squat--is it the economy?
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Today is the Tomorrow you worried about Yesterday!

[rffrydr]

CAT down 12% right now--this the "majic" behind the Dow's new all-time high.

It's interesting that housing comes front and center in the blame--this from a company that can't make enough dumptrucks.

And speaking of trucks, looks like good ol' regulation demanding lower-emission diesels has been a stealth factor pushing earnings the last couple years.

http://www.marketwatch.com/news/story/Story.aspx?guid=%7B02E4F057%2D8518%2D4E44%2DB946%2D301D7F9BA3B8%7D&siteid=
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Today is the Tomorrow you worried about Yesterday!

[rffrydr]

And breaking down from the 200DMA. Both our heros, BA and CAT. NUE, Sbux follow. Froth on froth, CME etc., is finally approaching 200.

The oils are gonna join this trip I think. Financials are holding the fort. QQQQ supported by falling oil. Hard to buy 1300 on this.
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Today is the Tomorrow you worried about Yesterday!

[rffrydr]

Market bounced with CAT at the 200day.

Sales data from CAT provides a mixed view on economic activity. Machinery sales have slowed over the past two months. There was particular weakness in Latin America and Asia in May as sales fell 6% and rose 1% respectively. The emerging world has been a key driver. Sales now down to 5% from 30% last year. Engines improving (mining and rebuilds).

GE doesn't move and more 52week lows vs. highs. "This" isn't the rally.

[rffrydr]

CAT, the symbol of this bull, has touched its 50 dma. Amazing!
_________________
Today is the Tomorrow you worried about Yesterday!

[rffrydr]

CAT's gonna rebuild 'em. That's one answer to the imput squeeze.

http://biz.yahoo.com/rb/060329/manufacturing_caterpillar_acquisition.html?.v=3

[HenryTo]

Hey, don't forget that BA is also an important part of the equation as well. See below. Have a great weekend.
---------------------------------------------------------
WASHINGTON (MarketWatch) -- Spurred by civilian aircraft and defense goods, durable goods orders placed with U.S. factories rebounded in February.

Total durable goods orders rose 2.6% in February, the Commerce Department reported Friday. It was the fourth increase in the last five months and the largest gain since November. Read the full report.
The increase was larger than Wall Street economists had predicted. Economists were expecting durable goods orders to rise 1.5% in February. See Economic Calendar.

Orders in January were revised to an 8.9% decrease from 9.9% previously estimated.

In February, transportation equipment orders had the largest increase, rising 13.4%, led by a 52.5% gain in civilian aircraft.

Excluding transportation, durable goods orders fell 1.3% in February, for the first decline in the last four months and the largest drop since last July.

The dollar fell after the durable report was released as traders focused on the ex-transportation figure. Read Currency report.

Treasury prices were modestly higher in early trading.

Economists said the durable goods report was notoriously fickle and difficult to pin down month-to-month. But they said the manufacturing sector appears to be on a firm upward trend.

"The bottom line here is that industry is doing well; worry instead about consumers," said Ian Shepherdson, chief U.S. economist at High Frequency Economics.

A key measure with the report, non-defense capital goods rose 1.6% last month after falling 19.8% in January. Excluding aircraft, this subset of data fell 2.3%.

Orders for computers and electronic products rose 4.2% after falling 0.6% in January.

Primary metals orders fell 2.5% in February.

Machinery orders fell 6.3%, the largest decrease since last July.

Defense capital goods orders rebounded in February, rising 104.1% after falling 32.6% in the previous month.

Shipments of durable goods increased 0.2% in February after falling 1.8% in the previous month.

Factories were working through stockpiles in February with inventories down 0.5%. This is the first decline in inventories in six months.
Unfilled orders rose 0.9% in February, the ninth increase in the last ten months.

Greg Robb is a senior reporter for MarketWatch in Washington.