Here are more news briefings which could affect stocks on Wall Street in trading later today.
The following stocks should see some movement: Caterpillar, Inc. (NYSE:CAT), Intel Corp. (NASDAQ:INTC), Pfizer Inc. (NYSE:PFE).
Here is a more detailed look at the news that will affect each company when trading continues.
Caterpillar, Inc. (NYSE:CAT)
Strong sales growth in Asia-Pacific has been shown by Caterpillar, Inc. (NYSE:CAT). Caterpillar, Inc. (NYSE:CAT) reported robust growth across all regions, with a 32% jump in global sales for the three-month rolling period ended July 2010, compared with the same period last year, where the company witnessed a 48% drop in sales.
That slide was reversed by May 2010, though, when the company managed to ink out a growth of 11%, reversing a long trend of global decline since September 2008.
Intel Corp. (NASDAQ:INTC)
The deal from Intel Corp. (NASDAQ:INTC) to buy Infineon Technologies AG’s wireless unit has been finalized. This deal between the world’s largest semiconductor maker and the German company could serve to strengthen Intel Intel Corp. (NASDAQ:INTC), which has had little success in the wireless arena in the past.
Infineon’s chips are currently used in smart phones, including the iPhone 4, and would aid Intel’s efforts to move into that market.
Pfizer Inc. (NYSE:PFE)
An unlikely product has made Pfizer Inc. (NYSE:PFE) confident in its future profits. Pfizer Inc. (NYSE:PFE) is doing well despite the recession thanks to erectile dysfunction drugs like Viagra and its clones, which created a multibillion-dollar industry just years ago.
Now the next generation of sex drugs, including ‘female Viagra,’ is on the way.
Expect more movement when trading continues for Caterpillar, Inc. (NYSE:CAT), Intel Corp. (NASDAQ:INTC) and Pfizer Inc. (NYSE:PFE).
