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Two Ways to Play: Manufacturers Coming Home


Strengthen your portfolio in good times and bad.

Manufacturers Coming Home

Caterpillar (CAT) is considering bringing back heavy-equipment production to the US. According to the Wall Street Journal, it's part of a growing trend among manufacturers to bring more operations back home.

Last June, General Electric (GE) said it will move production of some water heaters to its facilities in Kentucky beginning in 2011. And just last year, US Block Windows, which purchased a China-based molding operation, decided to move production from Asia to its headquarters in Pensacola, Florida.

From the Bull Pen: As the dollar continues to weaken in the long term, we will see this trend continue. In the meantime, Caterpillar remains a buy after what might be a successful test of its 20-DMA ($57.80). A sell stop can be set below that level.

From the Bear Cave: Keep an eye on the dollar index, which may be losing its short-term momentum. Watch for the floor to give way at 80 and consider the dollar bearish fund (UDN); a sell stop can be set below $26.50.

For more ways to play and other trading ideas from more than 30 top market pros, take a free trial to our Buzz & Banter.

A Quick Check Around the World

Asian trading closed with the Nikkei 0.81%, India -0.01%, Hang Seng -0.09%, Shanghai -1.24%, and Taiwan -0.02%.

Across the pond, we see the FTSE 0.25%, DAX 0.63%, CAC 0.46%

As of 8:20 AM EST, S&P Futures are trading +1.750 to 1147.750 Nasdaq futures are +0.750 to 1923.00.

A Look at Commodities

Over in commodities, crude oil is +0.68 to 82.79 while gold is +8.100 to 1116.10 this morning. Silver is +0.135 to 17.295 and copper +0.0225 to 3.3985.

The dollar Index is -0.4850 to 80.1100.

On the Radar


08:30 Retail Sales 0.1% cons.
08:30 Retail Sales ex-auto 0.2% cons.
09:55 Michigan Sentiment 73.7cons.
10:00 Business Inventories 0.1% cons.

Click here for the full trading radar.

Happy Friday! Good luck and have a great weekend.
No positions in stocks mentioned.

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