|Bid||133.99 x 800|
|Ask||136.60 x 1200|
|Day's Range||133.66 - 137.72|
|52 Week Range||112.06 - 173.10|
|Beta (3Y Monthly)||1.55|
|PE Ratio (TTM)||21.71|
|Earnings Date||Jan 28, 2019|
|Forward Dividend & Yield||3.44 (2.56%)|
|1y Target Est||154.90|
Caterpillar (CAT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
# Caterpillar Inc ### NYSE:CAT View full report here! ## Summary * Perception of the company's creditworthiness is neutral * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate ## Bearish sentiment Short interest | Positive Short interest is extremely low for CAT with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting CAT. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $4.53 billion over the last one-month into ETFs that hold CAT are not among the highest of the last year and have been slowing. ## Economic sentiment PMI by IHS Markit | Negative According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. ## Credit worthiness Credit default swap | Neutral The current level displays a neutral indicator. CAT credit default swap spreads are decreasing, indicating some improvement in the market's perception of the company's credit worthiness. Additionally, they are within the middle of the range set over the last three years. Please send all inquiries related to the report to email@example.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Boeing stock looked like a strong buy even before the positive trade talk news between the world's two largest economies.
The Dow Jones Industrial Average shot up 329 points, or 1.4%, in midday trade Friday, will all 30 components contributing to gains. The blue-chip barometer, on track for the highest close since in six weeks, has now run up 13% since it closed at a 14-month low on Dec. 24. Of the biggest gainers, shares of Home Depot Inc. rallied 2.9%, Caterpillar Inc. climbed 2.8% and DowDuPont Inc. tacked on 2.3%. The most-active Dow component was Apple Inc.'s stock , which rose 0.8%.
The campaign of gravity defiance continues this morning with U.S. stock futures solidly in the green. Part of the optimism is being driven by good news on the trade war front. Yesterday the Wall Street Journal reported that the Donald Trump administration could be cutting trade tariffs imposed on China. Against this backdrop, futures on the Dow Jones Industrial Average are up 0.61% and S&P 500 futures are higher by 0.45%. Nasdaq-100 futures have added 0.51%. InvestorPlace - Stock Market News, Stock Advice & Trading Tips In the options pits, call volume jumped yesterday as traders took to the derivatives market to express their enthusiasm. Specifically, about 20.9 million calls and 16.3 million puts changed hands on the session. The ramp in call trading made waves at the CBOE as well. The single-session equity put/call volume ratio plunged to 0.52 -- a new low for 2019. Meanwhile, the 10-day moving average sunk to 0.63. Here are three key stocks that landed on the most-active options list. Caterpillar (NYSE:CAT) was flooded with activity ahead of today's ex-dividend date. Square (NYSE:SQ) benefited from news that it was releasing a free debit card to complement its payment processing system. Finally, Netflix (NASDAQ:NFLX) saw increased trading ahead of last night's hotly anticipated earnings report. Let's take a closer look: ### Caterpillar (CAT) Caterpillar shares broke above short-term resistance amid a groundswell in volume. Its technical posture has improved considerably since the industrial giant was beaten senseless on recession fears following its last earnings release. Now it stands above a rising 50-day and 20-day moving average. * 7 Retail Stocks to Buy for the Rise of Menswear The breakout no doubt helped spur options demand, but the real reason CAT landed atop the most-actives list was the looming dividend payout. Caterpillar is trading ex-dividend today, so Thursday's dash for derivatives was aimed at controlling shares to capture the dividend. Shareholders of record at the close yesterday will be eligible to receive the upcoming dividend payout of 86 cents. CAT currently trades with a yield of 2.6%. Traders came after calls with a vengeance. Total activity jumped to 512% of the average daily volume, with 157,361 total contracts traded. 81% of the trading came from call options. Implied volatility slipped lower on the day to 37%, placing it at the 47th percentile of its one-year range. Premiums are pricing in daily moves $3.11, or 2.3%. ### Square (SQ) Momentum stocks are making a comeback, and it's arguably one of the best signs that the broad market is returning to healthy status. Square scored a high volume breakout that lifted it back above the 200-day moving average to complete its budding trend reversal attempts. The news drove yesterday's bullish narrative. Square reported an expansion in its product offering with the creation of a free debit card allowing merchants to immediately spend money that was processed through Square without having to transfer it to a different bank account first. On the options trading front, calls outpaced puts by a wide margin. Total activity jumped to 185% of the average daily volume, with 170,700 total contracts traded. Calls accounted for 68% of the day's tally. With the budding recovery, uncertainty is fading and implied volatility is falling accordingly. It now sits at 53% or the 34th percentile of its one-year range. Premiums are pricing gin daily moves of $2.31 ### Netflix (NFLX) Traders finally got their first look at whether or not this year's insane rebound in Netflix was justified. The media giant stepped up to the earnings plate last night and reported satisfying results to the Street. Rather than unwinding its recent rally or tacking on more, Netflix shares are almost unchanged in after-hours trading. As I type, NFLX sits down a mere 1.80%. Here's a rundown of the numbers. On Q4 revenue Netflix missed analyst estimates reporting $4.19 billion versus the Street's expectation of $4.21 billion. Earnings per share came in at 30 cents versus estimates of 24 cents. Finally, total paid subscriber growth for the quarter was 8.8 million versus analyst expectations of 7.6 million. On the options trading front, call and put activity was balanced on the day. Total trading ramped to 164% of the average daily volume, with 310,978 total contracts traded. Calls added 52% to the day's take. Ahead of the earnings release, options were pricing in a move of $27.23, or 7.7%. So, with the stock only down $7 premarket, the earnings reaction was a snoozer. Premium sellers are waking up to a big win this morning. As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Companies Apple Should Consider Buying * 7 Beaten-Up Housing Stocks Due for a Bounce Back * Take Buffett's Advice: 5 Vanguard Funds to Buy Compare Brokers The post Friday's Vital Data: Caterpillar, Netflix and Square appeared first on InvestorPlace.
Strong order rates and focus on cost control bode well for an improved fourth-quarter performance for Caterpillar (CAT) despite inflated costs.
Investing.com – The Dow closed higher Thursday but gave up a large portion of its gains after the Trump Administration downplayed a report the U.S. was considering easing tariffs on China to hasten a trade deal.
Caterpillar (CAT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Stocks are continuing to struggle with the 24,000 level on the Dow Jones Industrial Average as investors deal with various crosscurrents. Parts of the Federal government remain shuttered. U.S.-China trade talks continue to grind on as the Chinese economy shows signs of slowing. The fate of Brexit remains unknown. And the Federal Reserve seems scatterbrained, unable to decide if it's dovish or hawkish after the harrowing market environment in December. In keeping with the directionless feel, stocks opened strong on a Netflix (NASDAQ:NFLX) price hike, but it is now cutting gains as trade talks seem to have hit another impasse. Bank earnings have also been disappointing with Wells Fargo (NYSE:WFC) reporting the worst mortgage loan numbers since the financial crisis as the housing market slams into a wall. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Companies That Could Post Decelerating Profits As a result, a number of iconic Dow Jones stocks look vulnerable to renewed downside pressure. Here are five such stocks to sell now: ### Caterpillar (CAT) Caterpillar (NYSE:CAT) shares look vulnerable to a reversal as CAT contends with resistance from four-months of overhead resistance. As such, CAT stock has set up a test of the recent lows near $117, which would be worth a decline of 10% from here as the U.S.-China trade talks go nowhere fast. This is poor timing for Bank of America Merrill Lynch analysts, who recently upgraded the stock to Buy. The company will next report results on Jan. 28 before the bell. Analysts are looking for earnings of $2.98 per share on revenues of $14.3 billion. When the company last reported on Oct. 23 earnings of $2.86 beat estimates by a penny on an 18.4% rise in revenues. ### Disney (DIS) Disney (NYSE:DIS) shares are suffering a sharp reversal lower, falling back below its 50-day moving average to form a "bearish engulfing" candlestick that presages more weakness ahead. Not exactly the behavior investors were looking for ahead of the opening of the eagerly awaited Star Wars theme park areas in Disneyland and Disney World. * 10 A-Rated Stocks the Smart Money Is Piling Into DIS will next report results on Feb. 5 after the close. Analysts are looking for earnings of $1.6 per share on revenues of $15.4 billion. When the company last reported on Nov. 8, earnings of $1.48 per shear beat estimates by 13 cents on an 11.9% rise in revenues. ### Goldman Sachs (GS) Shares of Goldman Sachs (NYSE:GS) have stalled out near resistance at the $180-a-share level, setting up a likely reversal that tests the lows set in late December. Financial stocks overall are showing weakness this morning after earnings results from WFC and JPM revealed problems in mortgage loan activity and fixed income trading. The company will next report results on Jan. 16 before the bell. Analysts are looking for earnings of $5.4 per share on revenues of $7.9 billion. When the company last reported on Oct. 16, earnings of $6.28 per share beat estimates by 94 cents on a 3.8% rise in revenues. ### Home Depot (HD) Shares of Home Depot (NYSE:HD) are rolling lower after testing highs previously set in November and December. HD stock is remaining below its 200-day moving average as the one-time momentum favorite succumbs to the realization that the U.S. housing market is in trouble -- plagued by a combination of higher mortgage rates, absurd pricing and impacted affordability. * 7 Video Game Stocks on Steep Discount The company will next report results on Feb. 12 before the open. Analysts are looking for earnings of $2.2 per share on revenues of $26.6 billion. When the company last reported on Nov. 13, earnings of $2.51 per share beat estimates by 24 cents on a 5.1% rise in revenues. ### JPMorgan (JPM) Shares of JPMorgan (NYSE:JPM) are struggling to stay above the $100-a-share level and remain well below their 50-day and 200-day moving averages. The company reported results before the bell. Earnings of $1.98 per share missed estimates by 21 cents on an 8.1% rise in revenues. Management cited a decline in fixed income trading revenue, which dropped 16% from last year. When the company last reported on Oct. 12, earnings of $2.34 per share beat estimates by 8 cents on a 7.8% rise in revenues. Watch for a test of the late December low as shareholders realize that loan growth and credit quality is vulnerable, setting up a 10% drop from here. As of this writing, William Roth did not hold a position in any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Companies That Could Post Decelerating Profits * 10 A-Rated Stocks the Smart Money Is Piling Into * Mizuho: 7 Long-Term Value Stocks to Buy Now Compare Brokers The post 5 Dow Jones Stocks to Sell Before Things Get Uglier appeared first on InvestorPlace.
# Caterpillar Inc ### NYSE:CAT View full report here! ## Summary * Perception of the company's creditworthiness is negative * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate ## Bearish sentiment Short interest | Positive Short interest is extremely low for CAT with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting CAT. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $13.26 billion over the last one-month into ETFs that hold CAT are not among the highest of the last year and have been slowing. ## Economic sentiment PMI by IHS Markit | Negative According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. ## Credit worthiness Credit default swap | Negative The current level displays a negative indicator. CAT credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness. Please send all inquiries related to the report to firstname.lastname@example.org. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Technology shares pulled Wall Street lower on Monday, after an unexpected drop in China's exports in December reignited worries of a slowdown in global economic growth. The China trade data reinforced concerns that U.S. tariffs on Chinese goods were taking a toll on the world's second-largest economy, prompting companies such as Apple Inc to issue profit warning. Chipmakers, which get a sizable portion of their revenue from China, took a hit, with the Philadelphia SE semiconductor index down 1.01 percent.
Technology shares pulled Wall Street lower on Monday, after an unexpected drop in China's exports in December reignited worries of a slowdown in global economic growth. The China trade data reinforced concerns that U.S. tariffs on Chinese goods were taking a toll on the world's second-largest economy, prompting companies such as Apple Inc to issue profit warning. Chipmakers, which get a sizable portion of their revenue from China, took a hit, with the Philadelphia SE semiconductor index slipping 1.60 percent.
Key Updates from the Industrial Sector Last Week (Continued from Prior Part) ## Cummins appoints new CFO On January 10, 2019, Cummins (CMI) announced that Pat Ward, its current CFO, will retire from his position. Cummins also announced that Mark Smith would be replacing Ward as CFO, effective on March 31, 2019. Ward has worked with Cummins for more than 30 years. Tom Linebarger, Cummins’ chair and CEO, said, “Pat has had an extraordinary career at Cummins. He has worked in nearly every part of our company during his 31-year tenure. He has helped many business leaders, including me, figure out where the business needs improvement and what to focus on first. Pat has also coached and developed many of our financial leaders in the company, inspiring them to be the best that they can be.” Ward’s successor, Mark Smith, has also worked with Cummins for more than 20 years. He has served as the vice president of financial operations and has led investor relations, business planning and analysis, and capital management departments at Cummins. ## Stock price update Cummins had a positive week. The stock gained ~2.5% and closed at $139.54 for the week ending January 11, 2019. The gains helped the stock to narrow its 100-day moving average gap and traded 1.5% below the 100-day moving average price of $141.69. So far in 2019, the stock has gained 6.0%. Cummins peers Caterpillar (CAT), Deere (DE), and General Electric (GE) have gained 5.2%, 9.0%, and 19%, respectively. Last week, Cummins outperformed the Invesco S&P 500 Equal Weight Industrials ETF (RGI), which gained 4.0%. The fund has invested 1.5% of its holdings in Cummins as of January 11, 2019. Cummins has a relative strength index of 57, which indicates that the stock isn’t overbought or oversold. Browse this series on Market Realist: * Part 1 - Honeywell to Collaborate with Optoro on Reverse Logistics * Part 2 - Deere Gets Six Agricultural Innovation Awards
Wall Street was set to open lower on Monday, after Citigroup kicked off the earnings season on a dour note, adding to worries over a slowdown in global economic growth that resurfaced after data showed an unexpected drop in China's trade. Citigroup Inc fell 0.7 percent in premarket trading after reporting a surprise drop in quarterly revenue, hurt by volatility in financial markets at the end of the year. Other U.S. banks including JPMorgan Chase & Co, Goldman Sachs Group Inc, Morgan Stanley and Bank of America Corp dropped between 0.8 percent and 1.1 percent.
DEERFIELD, Ill., Jan. 14, 2019 /PRNewswire/ -- Caterpillar Inc. (CAT) will release full-year and fourth-quarter 2018 financial results at 6:30 a.m. CST on Monday, January 28. A real-time, listen-only teleconference and webcast of the quarterly results call that Caterpillar conducts with security analysts and institutional investors will begin at 10 a.m. CST on Monday, January 28.
Key Updates from the Industrial Sector Last Week (Continued from Prior Part) ## Deere gets six AE50 awards On January 10, 2019, Deere (DE) announced that it had received six AE50 awards. The reward is presented by the American Society of Agricultural and Biological Engineers for innovative product-engineering designs in agriculture. It recognizes 50 innovative products chosen by international engineering experts. Deere received awards for the following products: * Command Pro joystick for 6R tractors * Bale mobile app * 2660VT, a variable-intensity tillage tool * Tracks * 700FD Hydraflex Draper * a machine performance app that’s part of the Generation 4 command center These kinds of innovations help Deere to launch new products and further help farmers to save time, costs, and labor. Joel Dawson, director of production and precision agriculture for Deere, said, “This year’s AE50 Awards reaffirms the innovative spirit of our employees and illustrates our company’s commitment to bringing those linked to the land the most useful, high-quality products possible. Around the globe, John Deere engineers work tirelessly to create exciting new products and technology to benefit our customers.” ## Deere’s stock price Deere stock remained positive for the week. The stock gained ~4.4% and closed at $158.28 for the week ending January 11. The gains resulted in Deere trading 7.3% above its 100-day moving average price of $147.45. So far in 2019, Deere has gained ~9.0%. Deere’s peers Caterpillar (CAT), AGCO (AGCO), and CNH Industrial (CNHI) have fallen 5.2%, 13.3%, and 7.4%, respectively. Deere’s 14-day relative strength index score of 60 indicates that the stock isn’t overbought or oversold. Investors could hold Deere indirectly through the iShares MSCI Global Agriculture Producers ETF (VEGI), which had 15.2% of its portfolio invested in Deere as of January 11, 2019. Continue to Next Part Browse this series on Market Realist: * Part 1 - Honeywell to Collaborate with Optoro on Reverse Logistics * Part 3 - Cummins Announces CFO Change
NOTE: On January 11, 2019, the press release was corrected as follows: The first sentence of the methodology paragraph was changed to: The methodologies used in rating Caterpillar Inc. and Peoria (County of), IL were Global Manufacturing Companies published in June 2017, and Captive Finance Subsidiaries of Nonfinancial Corporations published in December 2015. Revised release follows. New York, January 10, 2019 -- Moody's Investors Service ("Moody's") changed the rating outlook for Caterpillar, Inc. (CAT), Caterpillar Financial Services Corporation (CFSC), and their supported subsidiaries to positive from stable, and affirmed the ratings including the A3 long-term and Prime-2 short-term ratings of CAT, CFSC and subsidiaries.
The major stock indexes were modestly lower early Friday. Netflix stock was upgraded ahead of next week's earnings announcement.
On January 8, 2019, Deere (DE) announced the launch of three L-series wheel loaders, the 524L, the 544L, and the 624L. Deere will display 544L in the upcoming exhibition, the World of Concrete, which will be held from January 22 to January 25. Chris Cline, Deere’s Construction and Forestry segment’s product marketing manager for wheel loaders, said, “Our next generation of wheel loaders improves upon the legacy of the John Deere wheel loader line.
U.S. equities pushed higher Thursday as investors digested disappointing holiday sales results from several major retailers and a slew of commentary from Federal Reserve Chairman Jerome Powell.