144.20 +0.76 (0.53%)
Pre-Market: 4:31AM EST
|Bid||0.00 x 800|
|Ask||144.41 x 1000|
|Day's Range||143.21 - 145.34|
|52 Week Range||111.75 - 148.47|
|Beta (3Y Monthly)||1.52|
|PE Ratio (TTM)||13.64|
|Earnings Date||Jan 27, 2020 - Jan 31, 2020|
|Forward Dividend & Yield||4.12 (2.85%)|
|1y Target Est||143.29|
Zacks Earnings Trends Highlights: Fastenal, United Rentals, Caterpillar, Texas Instruments and Hasbro
Caterpillar's (CAT) global machine sales growth rate chart has been in the single digits so far this year and dropped to 3% in October - at levels last witnessed in 2017.
Investing.com - U.S. futures fell on Thursday, after reports that trade talks with China have hit a snag on Chinese purchases of U.S. farm products, amid other concerns.
(Bloomberg) -- Add the riots in Chile and political issues in other parts of Latin America to troubles dimming the outlook for Caterpillar Inc.On Wednesday, the world’s largest maker of mining and construction equipment reported that its three-month rolling average sales growth in the region slowed to 4% in October, matching the January data that was the weakest since mid-2017.Latin America accounted for about 9% of Caterpillar’s revenue in 2018, according to data compiled by Bloomberg. Weakness in the region accelerated the slowdown in the company’s worldwide sales growth to 3%, the worst since April 2017.“There’s the social unrest in Chile, which is an important mining market,” Larry de Maria, an analyst at William Blair, said in a telephone interview. “Argentina has a difficult political situation and Brazil hasn’t really improved the way people hoped it would improve.”The shares fell 1.3% to $144.49 on Wednesday in New York, extending this week’s decline.Last month, Caterpillar refrained from giving sales guidance, citing the uncertain global economic outlook. Last week, the company said it’s implementing layoffs of temporary workers at its plant in Michigan and across the globe, in line with its move to cut production to match demand.Security forces in Chile, the world’s largest copper producer, struggled to control riots across the capital Tuesday evening, prompting President Sebastian Pinera to call for a national agreement on peace and a new constitution.In Argentina, Alberto Fernandez’s surprise victory in a primary vote put the leftist on course for the presidency. In Brazil, the largest-ever auction of oil deposits flopped, signaling the region’s biggest economy will struggle to rely on investments to jump start weak growth.To contact the reporter on this story: Joe Deaux in New York at email@example.comTo contact the editors responsible for this story: Luzi Ann Javier at firstname.lastname@example.org, Steven FrankFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
DOW UPDATE Dragged down by negative returns for shares of Dow Inc. and Caterpillar, the Dow Jones Industrial Average is trading down Wednesday morning. The Dow (DJIA) was most recently trading 75 points (0.
DOW UPDATE The Dow Jones Industrial Average is flat Tuesday afternoon with shares of Exxon Mobil and Dow Inc. leading the way for the blue-chip average. The Dow (DJIA) was most recently trading at 27,690, unchanged from yesterday's close.
Investing.com - Stocks ended basically flat Tuesday as President Donald Trump's speech did not offer clues on when a China-U.S. trade deal will be signed.
Investing.com – Stocks were struggling to hold onto morning gains Tuesday even as President Donald Trump touted his administration's economy policy and hopes for a phase one trade deal.
It looks as if Wall Street believes the worse is past for industrial stocks. After a period of weakening demand, things are looking up.
Investing.com – Wall Street fell on Monday as violent clashes in Hong Kong and trade comments from U.S. President Donald Trump caused investors to dial down last week's optimism.
We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are...
We wouldn't blame Caterpillar Inc. (NYSE:CAT) shareholders if they were a little worried about the fact that Denise...
DOW UPDATE The Dow Jones Industrial Average is trading up Thursday morning with shares of Goldman Sachs and UnitedHealth seeing positive growth for the index. The Dow (DJIA) was most recently trading 264 points higher (1.
DOW UPDATE Shares of Dow Inc. and Walgreens Boots are seeing positive growth Thursday morning, lifting the Dow Jones Industrial Average into positive territory. The Dow (DJIA) was most recently trading 192 points, or 0.
Bank of America Merrill Lynch analyst Ross Gilardi is now more bullish on Caterpillar Inc.'s stock , citing a number of "green shoots" over the last week suggesting a bottoming in the mining, construction and agricultural equipment maker's business. Gilardi reiterated his buy rating while raising his stock price target to $165 from $154. Among the reasons to be "more constructive" on Caterpillar are favorable inventory comments from Caterpillar's largest dealer, a rebound in Class 8 orders and the resilience of the U.S. service economy, which suggests the recession in U.S. manufacturing will be shallow and short-lived. However, Gilardi acknowledged that "it will all boil down to the signing (or not) of an interim U.S.-China trade deal." The stock has slipped 0.5% since closing Monday at a 13-month high. It has rallied 15.0% year to date, while the Dow Jones Industrial Average has advanced 17.9%.
In his "No-Huddle Offense" segment of Mad Money Tuesday night and in his Real Money column, Jim Cramer said he hates markets that surge higher for no reason, but in the case of the industrials, he thinks he knows why it's happening. Cramer said when Caterpillar Inc. reported hideous earnings, shares initially plunged $6, but now they're breaking out to the upside. Cramer said jumps in stock prices like this don't come from humans.
Short for Financial Independence, Retire Early, the FIRE movement finds its roots in the 1992 best-seller “Your Money or Your Life” by Joe Dominguez (a Wall Street financial analyst who — you guessed it — retired at 31) and Vicki Robin (who turned a modest inheritance into an income stream that allowed her to quit work at 23). As a result, “Knoxville is an easy place to live, to raise a family, or to retire,” she says.
Japan also believes it is doing well in trade, striking big pacts with the EU and the Trans-Pacific Partnership, but, as we discuss below in today’s main piece, the recent US deal is more controversial. Today’s chart of the day looks at Cameroon’s exports to the US after Donald Trump slapped trade restrictions on the country last week, while the obvious policy watch today is whether and when the US and China will sign their phase one agreement, potentially easing the recent trade wars.
Caterpillar Inc has laid off 120 temporary workers at a plant in Texas following its decision to cut production in the wake of a fall in sales due to U.S. President Donald Trump's trade war with China. The layoffs, which took place at the hydraulic excavator facility in Victoria on Nov. 1, were confirmed to Reuters by a company spokeswoman on Monday. Caterpillar shares closed up 1.7% at $146.92.