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  • Caterpillar, 3M and GM race ahead on strong earnings; Yelp and Dunkin' get dunked

    Kathy Cherpelis at Hot Stock Minute30 mins ago

    Earnings continue to dominate the scene on Wall Street this morning

    Caterpillar (CAT) shares got a big lift in early trading.  The big equipment maker blowing the doors off third quarter earnings and revenue forecasts. "CAT" is also raising its full year forecast.

    3M (MMM) shares rose before the bell.  The industrial conglomerate behind such products and Post-it notes posted earnings that topped analysts' estimates. However, revenue missed expectations and the company narrowed its full year financial targets due to fluctuations in the currency markets.

    General Motors (GM) shares raced ahead in premarket trading. The carmaker beat profit estimates although revenue came in a bit light.  Global sales in the period were up 2%, the best third-quarter increase since 1980!  Of course, GM is trying to recover from this year's massive recall related to faulty ignition switches.

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  • Google free cash flow at new highs, valuation attractive

    Yahoo Finance at Hot Stock Minute5 days ago

    Looking back, I titled my last quarterly write-up of the  Google  numbers ‘ Still a strong theme stock in today’s lower growth world ' and my instinct remains that this is the case.

    Certainly the immediate market reaction was a bit mixed and when I last looked the stock had traded down in after hours trading. Looking at the core numbers however it is hard to see why.  Paid clicks were at an aggregated 18 month low but…

    …when you combine with the costs-per-click where compression continued apace you are left with a net growth (17% plus -2%) of 15% which as a core growth figure is  pretty damn reasonable .  

    Of course there are other variables to think about after all diluted EPS (below) looked not very pretty at all. The clue though is centred on the GAAP and non-GAAP number differences… 

    …because looking in the appendix of the release the influence of stock-based compensation factors, impairment charges related to Motorola and other discontinued items becomes apparent.  

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