ETF Trends
ETF Trends

Exchange traded funds following the industrial sector got mixed results from two key holdings on Friday: Caterpillar (NYSE: CAT) and General Electric (NYSE: GE).

Caterpillar shares slipped nearly 7% in premarket trading after the company reported second-quarter profit of $1.52 a share, or $1.72 a share excluding expenses related to the acquisition of Bucyrus. On average, analysts were looking for earnings of $1.70 a share.

Also Friday, GE rose 2% after the firm delivered better-than-expected earnings.

Both stocks are also in the Dow Jones Industrial Average.

“General Electric positions itself to be a leader in all markets in which it competes,” investment researcher Morningstar wrote in a recent note on GE. “After shedding underperforming businesses during the past few years, the firm has energy infrastructure square in its sights. We believe GE will emerge as a leader in the power infrastructure market, which will be the backbone for the firm’s growth.”

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