heavy machinery

U.S. stocks showed a positive trend on Wednesday. The Dow Jones index rose by approximately 184 points, marking an increase of 0.5% to 35,273.03. Similarly, the NASDAQ index climbed 0.46% to 14,265.86, while the S&P 500 also experienced growth, gaining 0.41% to 4,556.62. This upward movement in...

Goldman in a research note released on Monday raised its machinery coverage view to Attractive but lowered its construction products coverage to Neutral. Noting that the construction spending in the United States has increased 28 percent since it turned positive on the U.S. construction cycle in...

While the key machinery end markets appear to be bottoming, manufacturing restructuring would likely drive “structurally higher margins” for companies like Caterpillar Inc. (NYSE: CAT) and Cummins Inc. (NYSE: CMI), Goldman Sachs’ Jerry Revich said in a report. He recommended a...