NEW YORK, NY--(Marketwire -06/06/12)- Growing concerns of a global economic slowdown and potential recession in Europe have continues to weigh down the markets. In the month of May we saw the Dow Jones Industrial Average erase it gains for the year and valuations in the Standard & Poor's 500 Index fall 19 percent below 2011 levels. Five Star Equities examines the outlook for companies in the S&P 500 and provides equity research on Caterpillar Inc. (CAT) and Salesforce.com, Inc. (CRM).
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Data compiled by Bloomberg show that the S&P 500 is trading at 12.9 times profit in the last year, in February of last year the S&P 500 was trading at 15.9 times. On Friday, the S&P 500 saw their largest decline since November. The Labor Department reported Friday that the unemployment rate grew to 8.2 percent from 8.1 percent, and employers in the U.S. added only 69,000 jobs, the lowest total in a year. The S&P 500 has fallen almost 10 percent, from its four year high in April, in the last week.
"You have to take your hits," said Michael Shaoul, chairman of Marketfield Asset Management. "You don't let it change your mind about domestic U.S. activity. You can be patient with U.S. economic growth and the market, and I still keep that view after this."
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For more than 85 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. With 2011 sales and revenues of $60.138 billion, Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company recently agreed to sell part of their Bucyrus distribution business to Barloworld.
Salesforce.com, the enterprise cloud computing company, earlier this week announced that it has entered into a definitive agreement to acquire Buddy Media, the world's leading social media marketing platform, for approximately $689 million payable in cash and salesforce.com equity. The transaction is expected to be completed during Salesforce.com's fiscal third quarter ending October 31, 2012, and is subject to customary closing conditions.
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