General Electric, Chevron, and Caterpillar Downgraded
MINYANVILLE ORIGINAL Dow (INDEXDJX:.DJI) components that were downgraded to sells yesterday include General Electric (NYSE:GE) which is now a Sell (2 Rating); Chevron (NYSE:CVX) which is now a Strong Sell (1 Rating); and Caterpillar (NYSE:CAT) which is now a Strong Sell (1 Rating). We also highlighted another Dow component earlier this morning: Wal-Mart (NYSE:WMT) -- now a Strong Sell (1 Rating) -- was downgraded as well. This is how these names are weighted in the index: Chevron: 6.25% Caterpillar: 4.95% Wal-Mart: 4.36% General Electric: 1.22% At this juncture we would wait for an approaching oversold level or a move ...
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