Release

Caterpillar and Deere & Company on the Rise on Potential of Infrastructure Spending by President Trump

President Donald Trump is yet to take on the infrastructure investing and infrastructure spending plan along with tax reform. The move is welcome as it would give a boost to the stock of companies dealing with infrastructure like Caterpillar and Deere & Company. Both the companies have a good record and today also recorded a gain.

Investing in infrastructure was highlighted by Trump in his election campaigns. The spending could have been put away for next year but the Obamacare mishap in the last week prompted the strategic shift. Reform in infrastructure is one of the strong points of the Trump administration and could help them win support from all around by building bridges, highways, sewer systems and the sort.

RDI Initiates Coverage:

Caterpillar         
https://ub.rdinvesting.com/news/?ticker=CAT

Deere & Company         
https://ub.rdinvesting.com/news/?ticker=DE

Both Caterpillar and Deere & Company have been showing a good record in the stock market. The former estimated revenue of $36 to $39 billion for the fiscal year 2017, a decline of 3% from the previous year. The earnings per share have been predicted at $2.90 for the same year, a drastic 15% decline from the FY16 EPS. We have to see how the infrastructure reform impacts the price of the stock as Caterpillar is also facing an investigation related to export filings of business with the Swiss subsidiary CSARL.

Access RDI’s Caterpillar Research Report at:
https://ub.rdinvesting.com/news/?ticker=CAT

Deere & Company opened on Thursday at 108.33 and did a good performance. The company has been named among the World’s Most Ethical Companies by Ethisphere Institute, which is related with promoting ethical business practices. The company bagged the recognition 11th time in a row and can have a significant impact on the performance of the stock of the company. The stock of the firm also showed a promising record last day. It opened on Wednesday at 107.65 and after a good day at the market closed down at 108.18. The other names in the infrastructure sector are also predicted to get a good boost by Trump’s infrastructure reform.

Access RDI’s Deere & Company Research Report at:
https://ub.rdinvesting.com/news/?ticker=DE

Our Actionable Research on Caterpillar Inc. (NYSE: CAT) and Deere & Company (NYSE: DE) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Nadia Noorani, CFA® charter holder. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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