Before we get to today's Trending Tickers, we need to note the big story today is the Dow Industrials - making new all-time highs up 0.2% so far today and up nearly 2% this year. Helping it reach new high this week was:
Caterpillar (CAT) up another $0.50 today and nearly 4% for the week. Shares of the earth-moving company got a nice bump from investors looking for safe havens. Speaking of havens, Caterpillar got dragged before the Senate earlier this week to justify using a Swiss-based subsidiary to shelter $2.4 billion in taxes. Executives of the Peoria-based company told senators, "We pay the taxes we owe. No more."
Facebook (FB) is down over 1% today and 3% for the week as investors start to wonder if CEO Mark Zuckerberg has been overpaying for companies like WhatsApp and virtual reality company Oculus Rift. Facebook has spent about $20 billion on acquisitions since the start of the year. Facebool shares have been a study in emotion in 2014 and are now up about 5% for the year but some 20% off the highs of less than a month ago.
GrubHub (GRUB) is up more than 40% after coming public earlier this morning. If you want a nice example of what has investors worried about a bubble look no further than the kids in food costumes dancing on the floor of the NYSE. Grubhub is an online food ordering company with $6.7 million in net income last year. Today it raised nearly $200 million, valuing the company at about $2 billion. We aren't in the midst of bubble 2.0, but taking some money off the table in high-beta stocks is probably justified when companies like GrubHub and King Digital (KING) are able to command billions on slick websites and a cool app.