|Day Low/High||121.31 / 123.03|
|52 Wk Low/High||112.06 / 161.60|
With no nearby chart support CAT could sink rapidly.
Caterpillar's strong third quarter isn't helping to buoy its shares, which are sliding on concerns over higher freight and raw material costs.
So what exactly did Caterpillar's quarterly revenue of $13.5 billion, which beat estimates, tell us about the business spending climate?
U.S. stock futures tumble sharply as investors focus on slowing economic growth and simmering geopolitical tensions; Caterpillar, McDonald's, Verizon and 3M report earnings; Arconic is mulling an $11 billion offer from Apollo, a report says; a judge cuts the jury award against Bayer's Roundup.
But here are the signs to watch, and how to protect yourself.
Are you getting anxious about the market? TheStreet's Martin Baccardax breaks down the upcoming events throughout the week and lets you know what he's watching.
Dip buying seems like a quaint old custom that has no place in the current market.
Global stocks kicked off the week in a bullish mood Monday, with markets in China ripping to biggest single-day gain in three years following government pledges on tax and liquidity, as investors eye a key set of U.S. corporate earnings, and myriad geo-political risks, in order to gauge market direction between now and the end of the year.
S&P 500 companies are expected report quarterly earnings of more than $340 billion over the next few weeks, as a combination of government stimulus and surging economic growth drives bottom line growth, but rising interest rates, U.S.-China trade tensions and the fading affect of Republican-led tax cuts likely points to a steady slowdown in the months ahead.
The most recent short interest data has been released for the 09/28/2018 settlement date, and we here at Dividend Channel like to sift through this fresh data and order the underlying components of the Dow Jones Industrial Average by "days to cover." There are a number of ways to look at short data, for example the total number of shares short; but one metric that we find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares typically traded. The number of shares short is then compared to the average daily volume, in order to calculate the total number of trading days it would take to close out all of the open short positions if every share traded represented a short position being closed.
Stocks ended broadly lower Friday as investors investors faced a weaker -than-expected payrolls report and surging interest rates.
Stocks pulled back sharply from earlier gains Wednesday as interest rates on the benchmark 10-year treasury spiked to multi-year highs.
We know that CEO Ed Breen is putting his own money on the line. We also know that he's no fool.
But here's how you can get into the name without much risk.
A study of analyst recommendations at the major brokerages shows that Caterpillar Inc. is the #13 broker pick, on average, out of the 30 stocks making up the Dow Jones Industrial Average, according to ETF Channel.
John Butters and his FactSet team noted individual companies that have seen the largest changes in third-quarter earnings forecasts by sector.
CAT has rallied sharply since the middle of August.
For most of this year the market has been led by growth stocks.
Baird upgraded Caterpillar to Outperform with a $199 price target.
It explains a ton how you can rally on a day you would expect to be down.
The potential reward in GM as hurricane season arrives is now worth some risk.
The 20% decline in the Shanghai index could portend that the Chinese may be on the verge of giving in.
I like the long side of CAT as long as its price continues to hold above the August lows.
Honeywell's foresight is helping it avoid the macroeconomic impacts that have plagued peers.
Some stocks can't go up forever and others deserve a little time in the sun too.
Deutsche Bank analyst Chad Dillard resumed coverage of the Deerfield, Ill.-based construction machinery and equipment company with a Buy rating and a $177 price target, which implies 30% upside.
The president's tweeted vitriol to trading partners will weigh on global industrials.
This under-the-radar name reports next week; here is how I am playing it.
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