Caterpillar Inc. (NYSE: CAT) is not a restructuring company, but the DJIA component has been battered while Europe falls off the cliff and while China and India seem to be applying all tools possible to constrain growth or inflation. Caterpillar needs emerging markets and it is actually a concurrent indicator even if it lacks much of the sex appeal compared to Apple. At $80.66, the consensus price target of just over $114.00 is actually less than the 52-week high of $116.55. It may seem too good to be true (and it actually may be too good to be true) but this objective price target implies a whopping 41% upside. Caterpillar also pays a dividend yield of about 2.4%.
EI DuPont de Nemours & Co. (NYSE: DD), or the great DuPont, is yet another DJIA components that is magically expected to outperform Apple. DuPont is also going to be far more cyclical and dependent upon economic growth than Apple as well. Nothing is perfect in exploring for higher upside even for this chemicals and agriculture giant. After recently trading at $43.42, the consensus price target of just above $60.00 implies a whopping upside of over 38%. DuPont also pays a 3.9% dividend yield today.
EMC Corporation (NYSE: EMC) has not been immune from the market sell-off of late but if one company has been able to grow sales in storage it is EMC. The company also has much vested interest (only about 85% or so) in VMware Inc. (NYSE: VMW). After recently closing at $23.04, the consensus price target of $30.67 generates an implied upside of 33%. The storage giant pays no dividend and we would caution that the stock has not traded to the current price target in the last five years. Still, if EMC shares were to rally back to the 52-week high then the implied gains would still be about 24.7%.
FedEx Corporation (NYSE: FDX) has been hit harder than rival United Parcel Service, Inc. (NYSE: UPS) during the pullback. FedEx is going to obviously be far more economically sensitive than Apple due to its reliance upon broad business and consumer spending. Still, its $73.43 price and $97.48 price target generates an implied upside of nearly 33% and that target is under the 52-week high of $98.66. The company sports a lackluster dividend of 0.7%, but we have been suspecting this low-yield policy to change be increased at some point in the future.
General Electric Company (NYSE: GE) is nearly shocking to still see as having more upside than Apple. The largest conglomerate is paring down some of its operations, but Jeff Immelt maintains that the portfolio is the best he has had in years. With shares recently at $16.14, the consensus price target of $21.04 implies upside of more than 30% and GE pays close to a 4% dividend now. Its consensus price target is under the $21.65 year high and the consensus price target was closer to $23.00 over the last quarter. Ge may need economic growth more than Apple does, but seeing the king of conglomerates in this screen was surprising.
Google Inc. (NASDAQ: GOOG) may be well off of highs, but the internet search giant still has massive upside if Wall Street has this one correct even if Main Street is confused by its expanding business model. At $543.18, Google’s consensus price target from analysts is above $723.00 gives an implied upside of 33%. The company is overpaying according to some for the Motorola assets and patents, but Google has been able to grow its business and that growth is expected ahead. One concern may be that the 52-week high of $642.96 is “only” about 18% upside and another concern may be that no dividend exists.
Buzz up!
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