With the presidential election just months away, one of the hottest topics will be the nation’s infrastructure — especially after the bridge collapse in Baltimore, Maryland. All of which should be a strong catalyst for some of the top infrastructure stocks.That bridge collapse also ignited calls to fix many of America’s aging bridges. In fact, according to Mary Kane, president and CEO of the Maryland Chamber of Commerce, noted, “This event has underscored the crucial role that our nation’s infrastructure pl ...

Group 1: Caterpillar Inc. (NYSE:CAT) - Caterpillar's stock is down 6.4% at $340.21 after missing first-quarter revenue estimates and issuing a weak current-quarter forecast [1] - The stock fell to its lowest level since early February and is at risk of closing below the 60-day moving average for the first time since December [1] - Despite the decline, Caterpillar remains up 15.1% year-to-date [1] - Options trading is active, with 17,000 calls and 20,000 puts traded, which is double the intraday average volume [1] - The most popular option is the weekly 4/26 325-strike put, expiring at the close tomorrow [1] Group 2: Merck & Co Inc (NYSE:MRK) - Merck's stock is up 3.3% at $131.18 after exceeding top- and bottom-line expectations for the first quarter [2] - The company raised its annual profit and revenue forecast, contributing to positive market sentiment [2] - Merck's stock is close to its record high of $133.08 set on March 27 and has a year-to-date gain of 20.2% [2] - The equity has a Schaeffer's put/call open interest ratio (SOIR) of 0.55, indicating that short-term options traders are leaning bullish [2]

For the quarter ended March 2024, Caterpillar (CAT) reported revenue of $15.8 billion, down 0.4% over the same period last year. EPS came in at $5.60, compared to $4.91 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $16.07 billion, representing a surprise of -1.69%. The company delivered an EPS surprise of +9.38%, with the consensus EPS estimate being $5.12.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how th ...

Caterpillar Inc. (NYSE:CAT) Q1 2024 Earnings Conference Call April 25, 2024 8:30 AM ET Company Participants Jim Umpleby - Chairman and Chief Executive Officer Andrew Bonfield - Chief Financial Officer Kyle Epley - Senior Vice President of the Global Finance Services Division Rob Rengel - Senior Director of IR Ryan Fiedler - Vice President of Investor Relations Conference Call Participants Tami Zakaria - JP Morgan Michael Feniger - Bank of America Jamie Cook - Truist Securities David Raso - Evercore ISI ...

Key TakeawaysCaterpillar stock dropped Thursday as weak sales offset an earnings beat in the company's first-quarter results.The construction equipment and engine manufacturer saw sales decline slightly compared with the first quarter of 2023, which was mostly offset by higher prices.International sales suffered, with sales for some categories falling as much as 25% year-over-year in some regions. Caterpillar (CAT) shares fell sharply in intraday trading Thursday as lower-than-expected sales offset a strong ...

Caterpillar Inc. (CAT) reported first-quarter 2024 adjusted earnings per share of a record $5.60, which beat the Zacks Consensus Estimate of $5.12 by a margin of 9%. The bottom-line figure marked a 14% year-over-year improvement.Favorable price realization and manufacturing costs, largely reflecting lower freight and improved performance in the Energy & Transportation segment, mainly led to the improvement in CAT’s earnings for the quarter. Both the Construction Industries and Resource Industries segments e ...

Caterpillar (CAT) came out with quarterly earnings of $5.60 per share, beating the Zacks Consensus Estimate of $5.12 per share. This compares to earnings of $4.91 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.38%. A quarter ago, it was expected that this construction equipment company would post earnings of $4.76 per share when it actually produced earnings of $5.23, delivering a surprise of 9.87%.Over the last four quarte ...

Exhibit 99.1 Caterpillar Inc. 1Q 2024 Earnings Release FOR IMMEDIATE RELEASE Caterpillar Reports First-Quarter 2024 Results First Quarter ($ in billions except profit per 2024 2023 share) ● First-quarter 2024 profit per share of Sales and Revenues $15.8 $15.9 $5.75; adjusted profit per share of $5.60 ● Enterprise operating cash flow was $2.1 Profit Per Share $5.75 $3.74 billion in the first quarter of 2024 ● Deployed $5.1 billion of cash for share Adjusted Profit Per $5.60 $4.91 repurchases and dividends in ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, it's pretty easy to find cutting-edge growth sto ...

Caterpillar (NYSE: CAT) stock price will be in the spotlight this week as the company publishes its financial results for the first quarter. These results will come at a time when the stock has retreated from the year-to-date high of $380 to $363. Still, it is one of the best-performing company in the Dow Jones as it jumped by over 358% from its lowest point in January 2020.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Caterpillar earnings aheadCopy ...