4 Stocks Soaring Higher On Biden's Infrastructure Plan

Total metallurgical coal production has increased 4% year-over-year to 10 million tons in the first quarter ended Sept. 30, 2020. Its total iron ore production has risen 8% from the year-ago to 66 million tons over the same period.

Analysts expect BHP’s EPS to grow at a rate of 5.3% per year over the next five years. The stock has gained 40% over the past six months. BHP shares were trading at $70.61 per share on Friday afternoon, down $3.27 (-4.43%). Year-to-date, BHP has gained 8.07%, versus a 0.49% rise in the benchmark S&P 500 index during the same period.

How does BHP stack up for the POWR Ratings?

  • A for Trade Grade.
  • A for Buy & Hold Grade.
  • B for Peer Grade.
  • A for Industry Rank.
  • A for Overall POWR Rating.

The stock is also ranked #1 of 40 stocks in the Industrial – Metals Industry.

Caterpillar Inc. (CAT)

CAT is a leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. The company operates through five segments: Construction Industries, Resource Industries, Energy & Transportation, Financial Products, and other operating segments.

CAT signed an agreement to acquire the Oil & Gas Division of the Weir Group PLC (WEIGF) in October for $405 million in cash. The acquisition is in sync with CAT’s strategy to invest for long-term, profitable growth, and it will expand its offerings to one of the broadest product lines in the industry.

In November, CAT was included in the 2020 Dow Jones Sustainability Indices (DJSI), as well as both the World and North America indices, for the 21st time. This recognizes the company’s sustainable business practices in cultivating a comfortable workplace, understanding customer needs, and innovating to develop new and improved products.

Though CAT saw a decrease in revenues in the third quarter (ended Sept. 30, 2020), the company has been successful in addressing key customer challenges from COVID-19 and has seen a modest improvement versus second quarter 2020 for most key business drivers. CAT’s operating profit has increased 25.6% sequentially to $985 million in the third quarter. Its EPS rose 46.4% sequentially to $1.23 over the same period.

Analysts expect CAT’s revenues to grow slightly year-over-year to $10.72 billion in the current quarter ending March 31, 2021. The consensus EPS estimate of $1.70 for the current quarter represents a 6.25% improvement year-over-year. The company has an impressive earnings surprise history; it beat the Street’s EPS estimates in three of the trailing four quarters. The stock has gained 50% over the past six months.

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