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Caterpillar: 4 Major CATalysts
Seeking Alpha· 2024-10-23 14:35
Caterpillar (NYSE: CAT ) broke to new all-time highs in late September in a strong rally with 4 major catalysts. This article looks at these drivers and what they could mean for the outlook for next year. My approach is long-term and I focus on investing in macro ideas through low risk ETFs and CEFs. I have traded stocks and currencies for nearly ten years and currently run a family fund with my partner and fellow SA contributor Andrew McElroy. I also invest in real estate and am a freelance writer and cont ...
Is Trending Stock Caterpillar Inc. (CAT) a Buy Now?
ZACKS· 2024-10-22 14:06
Caterpillar (CAT) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this construction equipment company have returned +5.2%, compared to the Zacks S&P 500 composite's +2.8% change. During this period, the Zacks Manufacturing - Construction and Mining industry, which Caterpillar falls in, has gained 5.8%. The key question now is: What could be the sto ...
Ex-Dividend Reminder: Caterpillar, Graco And Costamare
Forbes· 2024-10-17 15:37
On 10/21/24, Caterpillar, Graco and Costamare will all trade ex-dividend for their respective upcoming dividends. Caterpillar will pay its quarterly dividend of $1.41 on 11/20/24, Graco will pay its quarterly dividend of $0.255 on 11/6/24, and Costamare will pay its quarterly dividend of $0.115 on 11/6/24. Start slideshow: 10 Stocks Where Yields Got More Juicy » As a percentage of CAT's recent stock price of $393.62, this dividend works out to approximately 0.36%, so look for shares of Caterpillar Inc. to t ...
Caterpillar (CAT) Outperforms Broader Market: What You Need to Know
ZACKS· 2024-10-16 22:51
The latest trading session saw Caterpillar (CAT) ending at $393.62, denoting a +1.45% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a gain of 0.47% for the day. Meanwhile, the Dow experienced a rise of 0.79%, and the technology-dominated Nasdaq saw an increase of 0.28%.The construction equipment company's shares have seen an increase of 9.7% over the last month, surpassing the Industrial Products sector's gain of 5.71% and the S&P 500's gain of 3.48%.The investment c ...
Caterpillar Inc. to Announce Third-Quarter 2024 Financial Results
Prnewswire· 2024-10-16 13:05
IRVING, Texas, Oct. 16, 2024 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) will release third-quarter 2024 financial results at 5:30 a.m. CDT on Wednesday, Oct. 30. The full text of the release will be available at investors.caterpillar.com/financials/quarterly-results and on PR Newswire. The release will be furnished to the U.S. Securities and Exchange Commission (SEC) via a Current Report on Form 8-K in compliance with applicable SEC rules.Teleconference and webcast access:A real-time, listen-only teleconf ...
Tradepulse Power Inflow Alert: Caterpillar Inc. Receives Alert And Rises Over 7 Points
Benzinga· 2024-10-14 23:07
STOCK RISES 1.7% Caterpillar Inc. CAT today experienced a Power Inflow, a significant event for those who follow where smart money goes and value order flow analytics in their trading decisions. Today, at 10:19 AM on October 14th, a significant trading signal occurred for Caterpillar, Inc. as it demonstrated a Power Inflow at a price of $388.65. This indicator is crucial for traders who want to know directionally where institutions and so-called "smart money" moves in the market. They see the value of utili ...
Caterpillar Stock Slips as Analysts Worry About 'Bloated' Inventories
Investopedia· 2024-10-14 22:26
Key Takeaways Caterpillar shares fell Monday as Morgan Stanley analysts downgraded the stock and lowered their price target. The analysts pointed to "bloated channel inventories that now need to be de-stocked." The downgrade comes after Caterpillar shares hit an all-time high last month after the Chinese government announced stimulus measures. Shares of Caterpillar (CAT) slid 2% Monday as analysts at Morgan Stanley downgraded the stock and lowered their price target, citing pressure on the company's constru ...
Stock Market Today: Stocks at Record Highs as Earnings Season Ramps Up
Kiplinger.com· 2024-10-14 20:08
Stocks hit fresh highs on light volume as a quiet economic calendar and a three-day weekend for the bond market focused market participants' attention on what is forecast to be a strong quarter for corporate profit growth.Markets continued to power higher Monday, boosted by a strong start to the financial sector's reporting period. Late last week, JPMorgan Chase (JPM), the nation's biggest bank by assets, posted a better-than-expected increase in net interest income (NII) and lifted its forecast for the cri ...
Bear Note Weighs on Outperforming Caterpillar Stock
Schaeffers Investment Research· 2024-10-14 14:36
Shares of construction-equipment maker Caterpillar Inc. (NYSE:CAT) are 3.5% lower at $387.97 this morning, after suffering a bear note from Morgan Stanley. The Wall Street analyst downgraded CAT to "underweight" from "equal weight" and lowered its price target to $332 from $349, citing mounting pressure on the firm's construction industries segment and the equity's negative risk-reward profile.Coming into today, analysts were divided on Caterpillar stock. Of the 21 in coverage, eight still carried a "buy" o ...
This Caterpillar Analyst Turns Bearish; Here Are Top 5 Downgrades For Monday
Benzinga· 2024-10-14 13:24
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.TD Cowen analyst Jason Seidl downgraded the rating for Expeditors International of Washington, Inc. EXPD from Hold to Sell and lowered the price target from $112 to $106. Expeditors shares gained 1.4% to close at $123.02 on Friday. See how other analysts view this stock.Morgan Stanley analyst Angel Castillo downgraded the ...