Stocks Rise For Dozer Manufacturer Caterpillar 12/03/2008

The market is booming for the construction industry and as dozer manufacturer Caterpillar predicted their U.S. stocks have gained for a second day. This has been the biggest increase in five years and spurred speculation that profits will continue to rebound this year. Caterpillar predicted the rise in the market of dozer and other construction equipment and their stocks rose to a three month high after saying emerging markets will boost sales.

Investment manager for the $3.3 billion Bahl & Gaynor Investment Council said, “The global story is well intact, companies that already engage in overseas business are certainly going to beneftit. Caterpilar has given us a great example of that that.” Caterpillar bulldozer manufacturer rose from $3.19 to $17.80 and contributed the most to the Dow average’s gain.

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