AI Bubble? Non-Tech Stocks Worth a Look

Group 1: AI Stocks and Market Sentiment - Concerns about an impending AI 'bubble' have negatively impacted sentiment towards AI stocks, leading to adverse price movements [1][10] - Despite NVIDIA's record-breaking Q3 results, skepticism remains prevalent, as the stock faced pressure post-earnings [1][10] - The AI sector continues to dominate market discussions, with mixed opinions on its sustainability and valuation [10] Group 2: American Express (AXP) - American Express reported a double-beat on expectations, with adjusted EPS increasing by 19% and sales rising by 10% [3][4] - The company raised its sales and EPS outlook for the current year due to strong quarterly results, resulting in a positive stock reaction [3][4] - AXP achieved record quarterly sales of $18.4 billion, driven by successful launches of updated Platinum Cards and increased Card Member spending [4] Group 3: Caterpillar (CAT) - Caterpillar also posted a double-beat, with sales growing by 10% despite a slight decline in adjusted EPS [5][8] - The company demonstrated broad-based strength across its primary segments and reported operating cash flow of $3.7 billion, highlighting strong cash generation capabilities [5][8] - Caterpillar is recognized for its shareholder-friendly approach, being a Dividend Aristocrat, which supports its ability to pay dividends and accumulate cash [6]