Breakout

Caterpillar helps drive Dow higher, Facebook falters, investors hungry for GrubHub

Breakout

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.

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