|Bid||159.71 x 1000|
|Ask||159.72 x 1100|
|Day's Range||158.70 - 161.60|
|52 Week Range||101.81 - 173.24|
|PE Ratio (TTM)||126.66|
|Forward Dividend & Yield||3.12 (2.13%)|
|1y Target Est||N/A|
Expensive cities including New York and Los Angeles pricing out certain jobs. Yahoo Finance's Seana Smith, Ethan Wolff-Mann and Dion Rabouin discuss.
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 & 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.
Caterpillar Inc. (NYSE:CAT) crushed estimates and raised guidance in its April 24 release — a great one-two punch. Sales were strong around the world, with Asia-Pacific growing 44%, North America up 33%, Europe/Africa/Middle East up 25% and Latin America up 24%. This is great news for the global economy as CAT’s sales of construction and mining equipment were quite strong and management cited construction demand in North America and infrastructure strength in China.
U.S. bellwether Caterpillar Inc. cast a pall over the machinery and factory automation world last month with a comment that its first-quarter profit would be the “high watermark” for the year. Machinery orders are forecast to grow at the fastest rate in five years in the current quarter. Factory automation and machinery giants will have to spend to stay ahead.
Dow component Caterpillar Inc. ( CAT) reversed on Tuesday after failing to reach the high posted when April 24 earnings triggered an opening rally followed by a 17-point slide. In turn, this bearish price action could presage a decline to multi-month lows that also completes the last leg of a broad topping pattern, raising the odds for a breakdown that ends the equipment giant's long-term uptrend. Caterpillar needs cordial relations with China to continue on the fast track, but trade tensions are taking their toll.
3M (MMM) announced the key dates for its second-quarter dividend on May 8. Investors on record as of May 18, 2018, will be eligible for the dividend. 3M’s ex-dividend date is May 17. The dividend will be paid to shareholders on June 12. At the end of the first quarter, 3M had 612.7 million outstanding shares. Assuming that 3M doesn’t buy back any shares until the record date, it would pay ~$833.30 million in dividends in the second quarter. In the second quarter of 2017, 3M paid a dividend of $701 million.
Terex (TEX) to gain from focus on the Execute to Win strategy, stable global crane markets, product development and backlog strength.
Deere (DE) is scheduled to announce its fiscal second-quarter earnings on May 18 before the market opens. The announcement will be followed by a conference call. In this series, we’ll analyze Deere’s stock performance since it announced its first-quarter earnings on February 16. We’ll also discuss analysts’ earnings and revenue expectations for the second quarter.
A solid Zacks Rank backed by positive estimate revisions and growth drivers along with other factors make Caterpillar (CAT) a must-add to your portfolio.
Caterpillar Inc (NYSE:CAT) is currently trading at a trailing P/E of 41.3x, which is higher than the industry average of 23.1x. While CAT might seem like a stock to avoidRead More...