|Bid||130.41 x 1100|
|Ask||130.77 x 800|
|Day's Range||129.99 - 132.03|
|52 Week Range||111.75 - 144.77|
|Beta (3Y Monthly)||1.54|
|PE Ratio (TTM)||12.16|
|Earnings Date||Oct 23, 2019|
|Forward Dividend & Yield||4.12 (3.16%)|
|1y Target Est||139.57|
Prepare for an earnings onslaught in the week ahead, headlined by Tesla Inc., Boeing Co. and a flurry of big tech names.
Caterpillar Inc. is scheduled to report third-quarter earnings on Wednesday, and expectations are subdued as trade tensions with China persist and global economies show signs of slowing.
Morgan Stanley lowered its rating on Caterpillar, citing concern over demand in two key markets: energy and construction.
Caterpillar Inc. was downgraded by Morgan Stanley analyst Courtney Yakavonis, who cited signs of "increasing downside risks" to the machinery and heavy equipment maker's construction and energy and transportation (E&T) businesses. Yakavonis cut the rating to equal weight, after being at overweight since March 2018, and lowered the stock price target to $145 from $150. The stock edged up 0.3% in morning trading. "We believe the U.S. construction equipment market peaked in 2019 and the E&T markets will fail to re-accelerate in 2020," Yakavonis wrote in a note to clients. "Our [North America] construction equipment replacement cycle analysis suggests that replacement will revert to a headwind in 2020 while elevated dealer inventory levels have also materially increased the risk of a dealer inventory de-stock," Yakavonis wrote in a note to clients. "We are also concerned about pricing heading into 2020, and think that margins could still be under pressure next year even if input costs fall." The stock had gained 3.5% year to date, while the Dow Jones Industrial Average has rallied 15.5%. (This updates an earlier item that had included incorrect spellings of the analyst's name.)
Caterpillar's bottom line is under increasing pressure amid fallout from the trade war between the United States and China, a slowing global economy, and a struggling manufacturing sector.
Missouri Republican Senator Josh Hawley tells Yahoo Finance's On the Move that Beijing is the biggest security threat to this country in the 21st century
DOW UPDATE Powered by strong returns for shares of UnitedHealth and Walgreens Boots, the Dow Jones Industrial Average is climbing Thursday afternoon. The Dow (DJIA) was most recently trading 74 points (0.
DOW UPDATE Shares of Johnson & Johnson and JPMorgan Chase are seeing strong returns Thursday morning, sending the Dow Jones Industrial Average into positive territory. The Dow (DJIA) is trading 69 points, or 0.
Caterpillar (CAT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Caterpillar struggled amid the U.S.-China trade war and a slowing global economy. Here's what the stock chart and analysis indicates about buying CAT stock now.
The Zacks Analyst Blog Highlights: Cisco Systems, SAP, Gilead Sciences, Bank of America and Caterpillar
Caterpillar's (CAT) results likely to bear the brunt of the recent slowdown in the manufacturing sector, muted China market and higher input costs thanks to the implementation of tariffs.
DOW UPDATE The Dow Jones Industrial Average is rallying Tuesday morning with shares of UnitedHealth and JPMorgan Chase leading the way for the index. The Dow (DJIA) was most recently trading 280 points higher (1.
Manufacturing is suffering through decelerating growth. The good news? Industrials could be out of the doldrums by the middle of 2020, according to at least one analyst.
Associate Stock Strategist Ben Rains dives into some of the latest U.S.-China trade war updates, including President Trump's optimism. We then look at three large-cap technology stocks to consider buying during Q3 earnings season. - Full-Court Finance
Embattled Boeing CEO Dennis Muilenburg was stripped of the chairman title last week. Former GE aerospace executive David Calhoun is taking on the role.
Earnings season kicks into high gear in the coming week. McDonald's is likely to post an increase in third-quarter profits and sales. Investors will also be looking for word on how McDonald's hopes to capitalize on two recent trends - the chicken sandwich craze and the demand for meat-alternative burgers. In September, McDonald's started testing a Beyond Meat plant-based burger in Canada. Mickey D's results come out on Tuesday. On Wednesday, Caterpillar - another global economic bellwether is due to report. Not only is it coping with a sluggish global economy - its business is being negatively impacted by the steel and aluminum tariffs slapped on by the Trump administration. Morgan Stanley downgraded the stock heading into the results, citing what it called deterioration in Caterpillar's three key end-markets: construction, energy and transportation, and resources. Fresh off allegations from the Federal Aviation Administration that Boeing employees may have misled about the safety of the now grounded 737MAX before two deadly plane crashes, Boeing reports results. This will also be the first time investors hear from CEO Dennis Muilenberg since he was stripped of his chairman title. Rounding out some other key results: Microsoft reports on Wednesday, followed by Amazon on Thursday. On the economic front: Updates on sales of new and previously owned homes. And investors get preliminary manufacturing survey data for October. Wall Street is looking for signs to see if the first contraction in U.S. factory activity in three years was a one-month blip or continued into October.