156.40 +0.20 (0.13%)
After hours: 5:41PM EDT
|Bid||0.00 x 800|
|Ask||0.00 x 900|
|Day's Range||156.14 - 159.35|
|52 Week Range||102.06 - 173.24|
|PE Ratio (TTM)||123.97|
|Forward Dividend & Yield||3.12 (2.13%)|
|1y Target Est||N/A|
Over the weekend, Trump administration officials said the trade battle was “on hold” while Trump himself tweeted that, under a potential deal, China will buy as much food as American farmers can produce. General Electric (NYSE:GE) shares are breaking up and out of a long inverse head-and-shoulders base going back to February. Analysts are looking for earnings of 18 cents per share on revenues of $29 billion.
The Zacks Analyst Blog Highlights: Western Digital, Magna International, Nucor, Sony and Caterpillar
BEIJING/WASHINGTON, May 21 (Reuters) - Washington and Beijing both claimed victory on Monday as the world's two largest economies stepped back from the brink of a global trade war and agreed to hold further talks to boost U.S. exports to China. Over the weekend, the two sides pledged to keep talking about how China could import more energy and agricultural commodities from the United States so as to narrow the $335 billion annual U.S. goods and services trade deficit with China, although details and a firm timeline were thin.
Deere was one among a bunch of stocks in the transport, construction and machinery industries that helped lead Monday's stock market higher.
President Trump touted a U.S. trade truce with China Monday. Dow stocks Boeing, Caterpillar and 3M, along with NXP Semiconductors, Qualcomm and Deere, should benefit from easing tensions.
Bemis (BMS) to gain from Agility plan, as well as focus on restructuring activities, despite raw material inflation and rising expenses.
The Industrial sector has been unsettling for investors recently, as it lurched lower amid concerns over a potential trade war between the U.S. and China, and peaking earnings. After the construction machinery giant Caterpillar (CAT) called its first-quarter earnings the "high-water mark" for the year in late April, the Industrial Select Sector SPDR ETF (XLI) dropped 6.4% within two weeks. In a note sent out last Thursday by BMO strategist Brian G. Belski called the recent Industrial weakness a "fad" rather then a "trend." The sector remains well-positioned to provide leadership, wrote Belski, given its solid fundamentals and the healthy U.S. economic growth.
A developer reportedly is taking a hard look at the South Milwaukee buildings that Caterpillar Inc. is in the process of leaving.
Deere & Company (DE) announced its fiscal second-quarter earnings before the market opened on May 18. DE reported adjusted EPS (earnings per share) of $3.14, a 26.1% rise YoY (year-over-year). DE reported fiscal second-quarter SG&A expenses of $939.2 million, representing 9.6% of its equipment revenue compared to 11.8% in the second quarter of the previous fiscal year, implying a reduction of 120 basis points YoY.
Both Caterpillar (CAT) and Deere (DE) recently reported earnings but the stocks moved in very different directions, with Caterpillar falling while Deere rose. Melius Research's Rob Wertheimer takes a look at the heavy-machinery stocks today, writing that while it may be easy to see why bulls are so enthusiastic about Deere, the shares may have gotten ahead of themselves. The fact that Deere rose after reporting an earnings miss--putting more pressure on the back half of the year--"shows the market's desire to own the shares," the analyst writes.
Shares of Caterpillar Inc. surged 3.0% in morning trade Monday, enough to pace the 29 of 30 Dow Jones Industrial Average components that are gaining ground, as optimism over a trade deal with China helped fuel a broad market rally. Caterpillar's stock has now recovered everything it has lost since investors started fearing a trade war on Feb. 16, when the U.S. threatened tariffs on steel and aluminum imports. Tariffs on steel would raise raw material costs for Caterpillar, while retaliatory measures could also hurt given China is Caterpillar's third-largest market, behind the U.S. and Canada, according to FactSet.
The U.S. tax reform, favorable manufacturing environment and strength in heavy industries likely to drive Rockwell Automation's (ROK) performance in the near term, despite certain challenges.
Short interest data from April 30 show that Honeywell’s short interest has fallen to its lowest level in 2018, indicating the prevailing positive sentiments for the stock. As of April 30, its short interest as a percentage of outstanding shares was 0.9%, compared to 1.3% on January 12. The decline in HON’s short interest can be mainly attributed to its strong first-quarter earnings that beat analysts’ estimates.
South Africa's Barloworld Ltd, a dealer for Caterpillar Inc and other industrial brands, reported a 14 percent rise in first-half earnings on Monday as a pick-up in mining activity spurred sales of heavy equipment. The biggest revenue increase came from its equipment businesses in Southern Africa, its biggest market, led by mining machine sales in South Africa, Mozambique and Zambia, the company said. Its equipment business in Russia also continued to benefit from greenfield and brownfield mining projects.
Of 23 Dow 30 companies whose payrolls were analyzed by MyLogIQ and curated by the Wall Street Journal, 15 posted median incomes above the $57,617 median U.S. income reported by the U.S. Census Bureau in ...
Deere & Company (NYSE:DE) reported earnings, and the knee-jerk reaction from Wall Street was to sell the stock down 2% on a headline, though it has since solidly reversed course. Management missed on the top and bottom line, so at face value it looked like a bad quarter for the equipment maker. Coming into this earnings report, Deere stock has lagged other equipment makers like Caterpillar Inc. (NYSE:CAT) year-to-date.
Strength in May's Philly Fed and Empire State data, and new job additions reflect growth in U.S. manufacturing activity, calling for bets on top-ranked manufacturing stocks.
Shares of Caterpillar (CAT) have soared nearly 54% over the last year, which might cause some investors to think that the construction and mining equipment powerhouse's stock is expensive. But that doesn't appear to be the case at all. Let's dive into Caterpillar's recent price movement and growth projections to help show why CAT is currently a strong buy stock that also presents strong value.