Facebook shares have been on a tear since the social network reported strong quarterly results last week. The stock rose above $35 a share Monday and is closing in on its IPO price of $38.
jincman: $FB it's getting comfortable over 35 ... look out!
Caterpillar announced plans to repurchase $1 billion worth of its own stock from French bank Société Générale, accelerating a $2 billion transaction announced in April. The move comes a few weeks after hedge fund manager Jim Chanos said he's betting against Caterpillar as the global boom in commodities draws to a close.
For some, the buyback is a sign of weakness, while others say Caterpillar is still a good long-term bet.
timboutillier: $CAT You smell that? Smells like desperation if you ask me.
leopardtrader: Those betting against $CAT at the current levels will be thoroughly whipped in months ahead lol