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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 |
| Boeing (NYSE:BA) | 2.1% |
| Caterpillar (CAT) | 5.9% |
| Deere (DE) | 1.8% |
| 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% |
