When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
CAT - The Market Doesn't Seem So Pumped About Weir
Caterpillar Inc.
Weir Group (OTCPK:WEGRY) (WEIR.L) got hit hard on the simultaneous declines in oil/gas and mineral/mining capex and the company is now benefiting as spending recovers strongly in both markets. Although the bulk of Weir’s business is, and has virtually always been, its Minerals business, the shorter-cycle Oil/Gas business tends to be the tail that wags the dog, with investors putting a lot of energy into worrying about near-term completions metrics, frac fleet spending, and market share trends.
Although I do have some longer-term market share concerns about the Oil/Gas business, I believe Weir