Machinery Stocks Gain as Global Slowdown Worries Abate

Machinery Stocks Gain as Global Slowdown Worries Abate

Daniel Acker/Bloomberg

Caterpillar , the world’s largest maker of construction and mining equipment, anticipates U.S. revenue will be up “a little bit” in 2013, thanks largely to an improving housing market, while Europe probably will be “flat to down,” Michael DeWalt, director of investor.