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| Naslov sporočila: No Sign of U.S Manufacturing Slump Ned Nov 13, 2011 4:51 am | |
| Machinery stocks may outperform the market through the end of the year as new orders rebound, helping to defy concerns about another U.S. recession. American manufacturers booked $32.6 billion in new orders for machinery equipment in September, the most since July 2008, according to data from the Census Bureau released Oct. 26. The Standard & Poor’s Supercomposite Machinery Index, which includes Caterpillar Inc. (CAT) and Deere & Co. (DE), has gained 26 percent since Oct. 3, while the S&P 500 has risen 13 percent. The machinery index lagged behind between July 7 and Oct. 3, when it fell 35 percent, compared with a 19 percent decline for the S&P index. “There’s skepticism about the industrial economy and machinery stocks, but robust activity suggests the risk of a double-dip recession is less likely,” said Stephen Volkmann, a New York-based analyst at Jefferies & Co. The sector may continue to rally through December, as it has tended to outperform from November through year-end during the past decade, he added. There’s “no evidence” of a collapse in North American manufacturing as shipments still are growing, said Ann Duignan, a New York-based analyst at JPMorgan Chase & Co. The total for September was $31.1 billion worth of machinery equipment, up 13 percent from a year ago, Census Bureau data show. “Companies are still reporting modest growth with no wholesale change in demand,” Duignan said. prices for goldwebsite design price | |
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