- Bob Pisani's ETF Special Monday
- Dow, S&P Down -- But There's Good News
- Dell/Tech Stocks, Gustav Nerves Weigh on Market
- Energy Climbs on Gustav Fears; Japan's $18B Stimulus Plan
- Confusion: Market Rally vs. Dell Disappointment
- Recession Talk Over on GDP Growth
- Fannie Mae Mgt. Shakeup; Oil Shrugs Off Gustav
- Solving the Fannie/Freddie Mystery
- Oil Ignores Gustav, Russia; Oil Cos. Sell Gas Stations
- Housing: The Good & Bad News
- Student Portfolio Managers Offer Stock Picks
- Fishin' For Views on the Economy
- Bond Prices Slip as Traders Focus on Inflation
- As Biomass Power Rises, a Wood-Fired Plant Is Planned in Texas
- Carmakers Deserve Loan Guarantees, GM Official Says
- US Midwest Business Expands Rapidly; Hiring Down
- Consumer Sentiment At 5-month High in August
- Consumer Spending Flags, But Confidence Rises
- Dell's Margin Erosion Prompts Selloff
More Videos
Caterpillar [CAT
Loading...
()
] is an excellent example of how global growth is helping the bottom line of big corporations. Here's the story: global growth is NOT decelerating to any appreciable extent; in fact, it is strong and, in some cases, getting stronger.
Caterpillar now gets two-thirds of its sales outside the U.S.; they are maintaining 2008 guidance even though North America looks weak, because global sales are so strong.
Here's what happened in the last quarter:
North America up 3 percent
Europe/Australia/Middle East up 27 percent
Asia/Pacific up 35 percent
Latin America up 18 percent
More importantly, they have adjusted their regional revenue forecasts DOWN for North America but UP for everywhere else.
Asia/Pac sales up 15-20 percent from previous up 10-15 percent
Europe/Australia/Middle East up 7-12 percent from earlier up 5-10 percent
Latin Am. up 15-20 percent from up 10-15 percent
N. America down 2 percent to up 2 percent from previous flat to +5 percent
It's not all sunshine; rising raw material costs is a real problem for them. But the international sales are extremely encouraging.
related content |
Questions? Comments?
Del.icio.us
Digg It
Data is a real-time snapshot *Data is delayed at least 15 minutes