October 09, 2008 | By Gregory S. Davis Before the Federal Reserve announced it would reduce the federal funds rate on October 8, the DJIA was moving upward by 10:00am led by upswings in American Express (NYSE:AXP) up 7.01%, Caterpillar (NYSE:CAT) up 4.30%, JP Morgan (NYSE:JPM) up 7.40% and Intel (NYSE:INTC) up 4.56%. A closer look at Caterpillar tells investors that, although fundamentals may offer little support toward valuing a stock during these volatile times, demand from home and abroad could be the substitute investors use to make a judgment call. Revenue Offsetting Rising Costs Caterpillar will be releasing its third-quarter earnings on October 21. Taking a look back over the first half of the year, Caterpillar managed to increase revenue nearly 19% from the same period a year ago to $25.4 billion. Investors should...
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