|Bid||145.12 x 800|
|Ask||145.49 x 800|
|Day's Range||144.51 - 145.88|
|52 Week Range||111.75 - 148.47|
|Beta (3Y Monthly)||1.52|
|PE Ratio (TTM)||13.82|
|Earnings Date||Jan 27, 2020 - Jan 31, 2020|
|Forward Dividend & Yield||4.12 (2.87%)|
|1y Target Est||143.29|
DOW UPDATE Powered by positive gains for shares of Walgreens Boots and Intel, the Dow Jones Industrial Average is climbing Friday morning. The Dow (DJIA) was most recently trading 105 points, or 0.4%, higher, as shares of Walgreens Boots (WBA) and Intel (INTC) have contributed to the index's intraday rally.
This month, the industrial sector finally blasted through a resistance zone that was impenetrable for 18 months. With the ceiling finally felled, the entire space is now basking in record highs. And that makes some industrial stocks attractive buys now.Today we'll highlight three of the best.Breakouts to all-time highs like that seen in the Industrial Sector ETF (NYSEARCA:XLI) this month are bullish phenomenons for a variety of reasons. First, it signals buyers are willing to pay a richer price than ever before, highlighting their degree of conviction. Second, every single shortseller is losing money, which created a powerful urge to buy back their losing positions. Third, there isn't an existing shareholder on the planet that is losing money. No underwater longs are waiting to get back to breakeven so they can sell.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Cheap Stocks to Buy Under $10 Throw it all together, and we have a backdrop for increasing demand and decreasing supply. I've scoured the sector and found these three industrial stocks to buy that stand out from the crowd. Industrial Stocks to Buy: Caterpillar (CAT)Source: ThinkorSwim If you agree that stock prices are the best forward-looking economic indicator there is. And, if you believe that Caterpillar (NYSE:CAT) stock reflects how investors feel about global growth. Then, the mega breakout in CAT stock last month has to have you beating your bullish drums.The 18-month downtrend for Caterpillar finally ended, and the weekly chart is back into an uptrend for the first time since 2017. This week's market pause has allowed CAT to digest recent gains and begin a pullback pattern that is creating a lower-risk entry. While further weakness would be welcome, it's at a point where dipping your toe in the water could make sense.With implied volatility scraping the bottom of its one-year range, I like buying call spreads. You can purchase the Jan $145/$150 bull call for $2.30 and offers $2.70 of reward if CAT rises above $150 by expiration. UPS (UPS)Source: ThinkorSwim UPS (NYSE:UPS) tagged a 52-week high last week and has since formed a textbook bull retracement pattern. Volume patterns show many accumulation days over the past month and zero signs of distribution. Tack on the upcoming holiday shopping season and a broad market that continues to court record highs, and I see little reason why UPS stock won't keep trucking higher.Like Caterpillar, UPS options carry low implied volatility making long premium plays a cheaper bet than usual. Long calls aren't a bad way to go, but I prefer bull calls for additional leverage and higher probability. If you think UPS can run toward $130 by mid-January, then buy the Jan $125/$130 bull call spread for $1.50. * 7 Inexpensive, High-Dividend ETFs to Buy The risk is limited to the initial $1.50 cost, and the reward is $3.50. Cummins (CMI)Source: ThinkorSwim The final pick of today's trio is Cummins (NYSE:CMI), which is also forming an interesting pullback pattern. Last month's rally carried CMI stock past weekly resistance and places it within striking distance of last year's record print of $194.18. Its price behavior has mirrored that of CAT, with a price rising above 20-day, 50-day and 200-day moving averages.This week's retreat is bringing CMI closer to the 20-day average, which has been a gathering ground for dip buyers in the past. It could drop for another day or two, so wait for a break above a prior day's high before pulling the trigger.Implied volatility is running hotter for CMI than the previous two trade ideas, so I'm switching it up with a bull put idea. Sell the Dec $170/$165 bull put for around 75 cents. You will pocket the reward of 75 cents if the stock sits above $170 at expiration.As of this writing, Tyler Craig didn't hold positions in any of the aforementioned securities. For a free trial to the best trading community on the planet and Tyler's current home, click here! More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Stocks to Buy Under $10 * These 10 Stocks to Buy Make the Perfect 'Retirement' Portfolio * 5 Streaming Stocks to Buy for Huge Upside Over the Next Decade The post 3 Industrial Stocks to Buy appeared first on InvestorPlace.
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 firstname.lastname@example.orgTo contact the editors responsible for this story: Luzi Ann Javier at email@example.com, 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.