CAT - Caterpillar Stock Keeps Climbing.

Caterpillar stock ( NYSE:CAT ) is on fire this week, with shares of the Dow Jones Industrial Average component up 13.7% for the week as of 9:45 a.m. ET Friday, according to data from S&P Global Market Intelligence. As of this writing, the Dow was up around 3% this week.

Caterpillar is regarded as an economic bellwether because of its unrivaled position in the heavy equipment and mining sectors. Strong profits may therefore assist in alleviating some of the economy’s concerns.

Caterpillar Stock Market Analysis

Caterpillar ( NYSE:CAT ) not only reported fantastic third-quarter results that were easily above Wall Street expectations, but it also forecasted good sales growth and a “substantially” better adjusted operating profit margin for the fourth quarter.

The following are some notable figures from Caterpillar’s third-quarter earnings release (all changes are year over year):

Revenue increased by 21% to $15 billion.

Operating profit margin: 16.2%, up from 13.4% in the previous quarter.

Earnings per share increased 49% to $3.87.

Caterpillar’s top-line growth was driven by stronger sales volumes and pricing, with revenue growth in each of its categories — resource industries (mainly mining), construction industries, and energy and transportation — in the double digits. The company’s operating profit in the third quarter increased 46% year on year. Resource industries reported an 81% increase in earnings due to better pricing and larger sales volumes.

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