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Industrial Stocks Higher: Expected to Help Rebuild Japan
By Market News Video Staff, Wednesday, March 16, 1:36 PM ET
While the majority of the market continued to struggle on Wednesday, industrial stocks were showing gains. Companies including Caterpillar (NYSE:CAT), Cummins (NYSE:CMI) and Deere (NYSE:DE) are expected to reap the benefits from the rebuilding efforts in Japan and are all trading higher today.
Today, shares of Caterpillar, the world's largest manufacturer of construction equipment, traded higher by 1.10% to $101.81. Columbus, Indiana based machine manufacturer, Cummins, rose more than a quarter of a percent to $100.14. Shares of the Moline, Illinois based company, Deere, increased more than a quarter of a percent $87.92.
Meanwhile, the Industrial Select Sector SPDR Fund (AMEX:XLI), which holds 10.50% of its total assets in Caterpillar, Cummins and Deere, declined .83% to $35.72 on Wednesday. Other components of the Fund include General Electric (NYSE:GE), Danaher (NYSE:DHR) and United Technologies (UTC).
For a complete list of holdings, visit the XLI Holdings page on ETFChannel.com
The ETF Channel Flexible Growth Investment Portfolio is designed to seek growth for investors — anywhere and everywhere. The key to the program is our portfolio strategy allows us complete flexibility in terms of asset allocation as there are no predetermined guidelines as to the level of stocks, bonds, cash, regions, countries, sectors, commodities, or even asset classes in the portfolio! In short, this is a completely flexible portfolio designed to follow the performance trail wherever it leads us.
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