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Caterpillar Inc. Message Board

  • dave72picks dave72picks Apr 2, 2014 12:04 PM Flag

    Not sure why CAT is catching such a bid

    what am I missing? talk about PE expansion....this company barely grows 5% in 2014
    At $102 it just seems CAT is way ahead of itself.

    It is kind of funny how it keeps hitting 52 wk highs while sitting in front of the government explaining how there tax structure

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    • Plenty of room for PE expansion. Look at Amazon, almost 600 times trailing earnings.

      CAT isn't even in the ball park of absurdity yet. I think Riches $240 price target in 2015 is conservative. Im upping it to $1200 by 2016. Slam dunk.

    • they are buying back stock....and price no matters!

    • Is a 1987-type market crash 37 days away?

      By Matt Krantz April 2, 2014 11:54 am

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      Investors marveling at the striking similarities of the bull market today to the one that ended in 1987 are hoping history doesn’t repeat itself.

      If it does, the market could be in some serious trouble in 37 trading days. In 37 trading days, the ongoing bull market would be 1,311 trading days old, says Jim Paulsen of Wells Capital Management. That is a scary date because it was on the 1,311 trading day after the start of the 1982 bull market that the Standard & Poor’s 500 suffered its biggest one-day crash in history on Oct. 19, 1987. That crash snuffed out what had been a powerful market rally starting in 1982.

      Normally these kinds of things are just market oddities. But investors are taking this one seriously since there are such strong similarities with the 1982 bull market and the one the market is currently in. For instance, the current bull run has marked a 175% rally from the low, which is where the 1982 bull was at this point in its run, Paulsen says.

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      Investors won’t have to wait long to know if the 1987 market is a pattern. The current bull run hit its 1,274th trading day on March 31, 2014. The 1,274th trading day of the 1982 bull market was Aug. 25, 1987, which turned out to be a notable top, Paulsen says.

      1987 had its own unique issues not present today. Prime rates were at 21% and the oil cartel had a grip on the economy, Paulsen says.

      That’s not to say a crash is inevitable. Paulsen says that a 10% correction would be more likely than a full blown crash. And stocks might even rise first. And the market is famous for not following any patterns at all.

      “Don’t worry much, however, about another major style 1987 collapse. History doesn’t usually fully repeat,” Paulsen wrote in his note to clients.

      Story Stocks

    • Tell me about it. I am doing a valuation of this stock for a school project. My fair value estimate ranges this stock from $94 all the way up to $108. But the sentiment in these recent weeks has been ridiculously optimistic (maybe its Cramer talking up this 'value play').

      At this point, investors who have bought this stock at a much lower price have a great investment in hand, with a potential for slightly more gains and a nice div yield, but for those on the outside right now, it doesn't look so grand unless they plan on holding this stock for a long time.

      Sentiment: Hold

 
CAT
102.51-1.83(-1.75%)Sep 19 4:04 PMEDT

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