Market News: Caterpillar Inc. (NYSE:CAT), Cisco Systems Inc. (NASDAQ:CSCO), Coca-Cola Co. (NYSE:KO)

Categories: Roundups, Stocks





More breaking news stories could affect stocks when trading continues later.

The following stocks should see some movement: Caterpillar Inc. (NYSE:CAT), Cisco Systems Inc. (NASDAQ:CSCO), Coca-Cola Co. (NYSE:KO).

Here is a more detailed look at the news that will affect each company when trading continues.

Caterpillar Inc. (NYSE:CAT)

Caterpillar Inc. (NYSE:CAT)

Caterpillar, Inc. (NYSE:CAT), known for its cyclical growth patterns, isn’t terribly concerned about talk of a double-dip recession.

According to an investor.com article, an analyst from Robert W. Baird said of Cat (NYSE:CAT), “Management observes that double-dip recessions have been preceded by either a shallow initial downturn or premature monetary tightening — neither of which appears applicable to this cycle.”

Instead of bracing for a downturn, Caterpillar is gearing up for growth, adding that fears of another recession are overblown.

Cisco Systems Inc. (NASDAQ:CSCO)

Cisco Systems Inc. (NASDAQ:CSCO)

Cisco Systems, Inc. (NASDAQ:CSCO) recently announced that it will acquire private wireless networking company Arch Rock Corp., which specializes in manufacturing network equipment for smart grids.

Cisco did not give a price it was willing to pay for the company.

Cisco Systems, Inc. (NASDAQ:CSCO) is acquiring Arch Rock to help it beef up its IP-based, complete smart grid solutions.

Coca-Cola Co. (NYSE:KO)

Coca-Cola Co. (NYSE:KO)

Coca-Cola Co. (NYSE:KO) and The Nature Conservancy announced Wednesday the release of a water footprint research report in connection with World Water Week in Stockholm, Sweden.

The report measures the company’s water footprint in three pilot studies that were conducted on Coca-Cola products and ingredients. A product water footprint is the total volume of freshwater consumed to produce a product.

Expect more movement when trading continues for Caterpillar Inc. (NYSE:CAT), Cisco Systems Inc. (NASDAQ:CSCO) and Coca-Cola Co. (NYSE:KO).


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