Those results are in the past and heavily influenced by a O-T-O event. The market trades on future expectations. Obviously the big market movers feel Cat is well positioned to exploit the economic growth that's on the horizon. Volume on Friday and Monday was significantly above the recent average. Today's is a bit more moderate. The volume is showing some conviction.
Absolutely amazing, any other stock with that kind of miss would have been killed! Also, projected next qtr. to be bad. No explanation. I actually own this stock, but bought puts knowing earnings and next qtr. would not be good.
Upgrades based on this being their 'worst quarter' as they near their all-time high. Even though the company says they have no visibility, the momo traders don't believe them because the anal-ysts say they know better than CAT management.
You don't know anything about Caterpillar !
Everytime we have a down turn Cat stock gets sold off way to low so just because its in a certain trading range doesn't mean that it ever belonged there to begin with ?
The Market see's the possibilities for Caterpillar that you over looked ?
Still a cheap stock even if we have a pull back I wouldn't be afraid to buy it here at all !
Sentiment: Strong Buy
You apparently are not a CPA and able to understand profit and losses and one time charges, etc. The rest of the market seems to understand. Sorry if you made the wrong moves. Has happened to me before, so don't feel bad.