Investors are gearing up for a positive earnings report from Caterpillar (NYSE:CAT), whose stock has risen for the past six days of trading. The maker of heavy machinery and construction equipment this week rose 5.9% and touched record highs. It reports Q4 earnings on Tuesday, January 31.
General Electric (NYSE:GE) also is on a six-day winning streak, and its stock also gained 5.9%. The company this week reported a higher profit on strong demand for jet engines as the aerospace industry works to keep up with surging demand for air travel.
Raytheon Technologies (NYSE:RTX) advanced 5.6%, despite ending a five-day streak of gains with a slight dip on Friday. The defense contractor this week said its quarterly net income more than doubled from a year earlier on rising sales, especially for aircraft engines and parts.
The Industrial Select Sector SPDR ETF (NYSEARCA:XLI), whose holdings include the biggest companies in the manufacturing sector, finished the week with a 2.2% gain.
In addition to Caterpillar, Honeywell International (NASDAQ:HON) reports earnings next week. The industrial conglomerate’s stock this week advanced 3%.
|Company (Ticker)||5-day change|
|General Electric (GE)||5.9%|
|Honeywell International (HON)||3.0%|
|Industrial Select Sector SPDR ETF (XLI)||2.2%|
|Lockheed Martin (NYSE:LMT)||3.7%|
|Northrop Grumman (NYSE:NOC)||-2.9%|
|Raytheon Technologies (RTX)||5.6%|
|Union Pacific (UNP)||-3.0%|
|United Parcel Service (UPS)||2.2%|