Analyzing Q1 Earnings Beat or Miss for CAT & Four Industrial Stocks

Per the Federal Reserve’s report, industrial production rebounded 0.4% each in February and March 2024, following a 0.8% dip in January. However, the overall performance for the first quarter of 2024 showed a decline at an annual rate of 1.8%. In March 2024, the Institute for Supply Management’s manufacturing index was 50.3% — the first expansion in 16 months. Despite this uptick, the index averaged 49% for the January-March quarter. The New Orders Index displayed two months of expansion (with a reading of ...