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Here's Why Caterpillar Stock Is Outperforming Today
CATCaterpillar(CAT) The Motley Fool·2024-08-06 18:10

The industrial company is doing a great job with its pricing strategy.Shares of Caterpillar (CAT 3.89%) were up 4.5% by 11 a.m. on Tuesday. The move comes after the company's mixed earnings report. Sales declined, but Caterpillar is wringing profitability out of its operations, and investors have reason to believe that the company has structurally higher margins now.Caterpillar's mixed resultsThe company's end markets are slowing, and Wall Street expects its full-year revenue to decline by 1.5%. Moreover, C ...