|Bid||2,290.00 x 500000|
|Ask||2,449.98 x 500000|
|Day's Range||2,300.00 - 2,330.00|
|52 Week Range||2,300.00 - 3,280.00|
|Beta (3Y Monthly)||-0.22|
|PE Ratio (TTM)||444.36|
|Forward Dividend & Yield||65.91 (2.59%)|
|1y Target Est||N/A|
US stocks began to recover from sharp intraday declines, but still posted losses at the end of regular trading Tuesday.
Caterpillar Inc. shares are getting crushed by the weight of lofty expectations. Caterpillar didn’t raise its adjusted profit guidance for 2018, for one thing. The midpoint of the company’s guidance was $11.50 a share on Tuesday morning, below the consensus analyst forecast of $11.64.
Caterpillar Inc. and 3M Co. provided a gut check for U.S. manufacturers, revealing in their third-quarter reports mounting risks that spooked investors. Industrial shares sold off on Tuesday after manufacturers flagged challenges including rising costs, a stronger dollar and concerns over growth in China. Shares in Caterpillar closed down 7.6% on Tuesday, having been 10% lower at one point, and 3M lost 4.4%.
An afternoon rally in the S&P 500 Index helped buoy futures for Japan and China equities, indicating the two-biggest Asian markets may eke out gains at the open, while Hong Kong futures pointed to a lower start. Australian shares were flat. Treasuries led gains in safe-haven assets, though 10-year yields did pare losses into the close.
Investing.com - The Dow closed lower, but clawed back most of its big intraday losses as bargain-seeking investors swooped in on a handful of beaten-down companies offsetting weakness in industrials.
The company plunged more than 10 percent after disappointing analysts who expected a boost in its 2018 outlook. The world’s largest maker of mining and construction equipment maker reported sales growth of 18 percent in the third quarter, the weakest since the three months ended June 2017. “For a company with a $50 billion top line, you can’t grow that fast forever, otherwise you would be one of the largest growth stocks rather than a cyclical industrial,” CFO Andrew Bonfield said in an interview.
The Dow Jones Industrial Average falls Tuesday after earnings disappoint. The S&P 500 falls for the 12th time in 14 sessions.
Caterpillar Inc (CAT.N) tried on Tuesday to ease mounting concerns about China and global demand after it affirmed its 2018 profit estimate, a move that investors feared signalled a cap in earnings growth and sparked a sell-off in its shares. The Deerfield, Illinois-based company has boosted the full-year profit outlook twice in the first two quarters of this year. The move came days after China reported the weakest economic growth since the global financial crisis, and the International Monetary Fund cut the global growth outlook for 2018 and 2019.
earnings beat was not strong enough to shift sentiment on what many have called the "Sicklical" industrial sector. Shares of the Illinois-based was dragged down on Tuesday as the industrial sector is battered by souring investor sentiment. Shares of the world's largest maker of construction and mining equipment, a giant in the industrial sector, fell 7.5% to $118.98 on the day.
After witnessing sharp losses in morning trading, U.S. stocks rallied into the afternoon hours to finish nearly 2% higher than session lows. Here's why.
Before market open on Oct. 23, Caterpillar Inc. (CAT) posted its third-quarter earnings. In fact, shares of Caterpillar fell sharply on the news. Let's take a look at why that happened, and what we can expect from Caterpillar in the future.
By Caroline Valetkevitch NEW YORK (Reuters) - U.S. stocks fell on Tuesday after worries about the earnings outlook added to recent selling pressure, though major indexes ended well off the day's lows as ...
U.S. stocks fell on Tuesday after worries about the earnings outlook added to recent selling pressure, though major indexes ended well off the day's lows as investors snapped up beaten-down shares late in the session. Shares of Caterpillar tumbled 7.6 percent after the heavy-equipment maker maintained its 2018 earnings forecast, following forecast increases in the previous two quarters. The S&P 500 energy index fell 2.7 percent, the most of any sector, as oil prices plunged after Saudi Arabia said it could supply more crude quickly if needed.
Stocks that moved substantially or traded heavily Tuesday: Caterpillar Inc., down $9.73 to $118.98 The construction equipment maker backed its annual forecasts and investors worried that it's due for a ...
U.S. stocks on Tuesday finished in negative territory, albeit off the worst levels of the session, as worries about global economic growth and downbeat earnings outlooks from blue-chip companies sank equities following a rout in China's stock market. The Dow Jones Industrial Average closed down 125.98 points, or 0.5%, at 25,191.43, but had been down by as many as 548 points at its low of the session. The S&P 500 index lost 0.6% at 2,740.69, led by losses in energy stocks and industrials. Meanwhile, the Nasdaq Composite Index ended the day down 0.4% at 7,437.54 but enjoyed a brief stint in positive territory in a frightful and volatile day for U.S. stocks. Notably in corporate news, shares of Caterpillar Inc. closed off 7.6%, leading Dow decliners, after the industrial giant reported profits and revenue ahead of analysts expectations but offered guidance that was below consensus. Another Dow component, 3M Co.'s stock finished off 4.4% after issuing downbeat 2018 guidance. 3M and Caterpillar combined to account for nearly half the Dow's loss at Tuesday's open at one point during the session. On big bright spot, shares of McDonald's Corp jumped 6.3% for its best day in about three years after its quarterly results on Tuesday. Markets headed lower out of the gate following the Shanghai Composite Index's 2.3% loss, giving back part of a two-day rally, and reigniting fears of a slowdown in the second-largest economy which rippled through markets. Still, some investors describe Tuesday's trade action as orderly and constructive despite the negative finish for stocks.
The Dow Jones industrial average saw some of its components get tackled hard, NFL-style, yet other members flung higher on solid quarterly results. Despite an initial deep sell-off, stocks today are showing some rebounding power in late-afternoon trading. Perhaps one factor for the rebound: Institutional investors bought back U.S. Treasuries. As these bond prices rise, the yield goes down. The...
U.S. company earnings growth is slowing after a bumper start to the year, and the reality of an escalating trade war between two of the world's largest economies is starting to weigh on companies ranging from Caterpillar Inc (CAT.N) to Ford Motor Co (F.N). While earnings growth is still high at 22 percent so far this quarter, the amount by which S&P 500 index companies are beating analyst estimates is nearly half of what it was during the first quarter, according to Refinitiv data. Along with rising interest rates which are making bonds more attractive, slower earnings growth is eroding investor sentiment and contributed to Tuesday's sharp sell in equities globally.
fell on Tuesday, Oct. 23, after suggesting that increased demand had created some supply chain challenges even though it beat third-quarter earnings and revenue estimates. The Deerfield, Ill.-based construction and mining equipment manufacturer posted adjusted earnings of $2.86 a share on revenue of $13.5 billion. "Most end markets continue to improve," Caterpillar said in a statement.
Investing.com - Industrials slumped Tuesday, heaping further pressure on the broader averages as investors digested mixed earnings from heavyweights Caterpillar , 3M and United Technologies.
Wall Street sank on Tuesday, continuing a punishing month for U.S. stocks, as dismal outlook from industrial bellwethers Caterpillar and 3M sparked concerns over corporate growth and added to worries ranging from China's slowdown to Saudi Arabia's diplomatic isolation. The Dow Jones Industrial Average is 6.83 percent down from its all-time closing high and the Nasdaq 9 percent.