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Old 11-10-2016, 08:26 PM   #101
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Originally Posted by NW-Bound View Post
Energy sector is just so so, but how about industrial metal and mining companies and Caterpillar (8+%)?

Tech stocks are flat or down. Perhaps it's because they have been doing well relative to market, and now suffer from sector rotation.
About CAT, I think up maybe 10% in two days. First thing I says to myself, "It's about the wall...build that wall." There's an incredible amount of money being wagered on company that will be close to the head of line when infrastructure public works contracts happen. Of course, that is me speculating on the speculators.
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Old 11-10-2016, 08:35 PM   #102
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No, I do not think it's about the "wall". Caterpillar's big business is really heavy machinery used in mining. They made huge investments in the design of gigantic mining machines that did not see the anticipated demand. And now, the price of industrial metals has been going up since the election. But why?

Freeport-McMoran, a copper miner, goes up 14% since Tuesday. US Steel and Alcoa (both used to be part of the Dow 30) also jumped big.
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Old 11-11-2016, 05:56 AM   #103
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You can't discuss that in this thread.
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Old 11-11-2016, 06:16 AM   #104
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Infrastructure stocks went up. More about the nation as a whole than a thin line along the south.
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Old 11-11-2016, 10:28 AM   #105
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Bloody Wednesday didn't happen AFAIK. Anyway, it's Friday now. Thanks for the discussion.

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