Core Insights - Caterpillar Inc. (CAT) is expected to report lower year-over-year earnings despite modest revenue growth due to higher costs from tariff-related pressures [1][6] - The Zacks Consensus Estimate for third-quarter revenues is $16.75 billion, reflecting a 3.98% year-over-year increase, while earnings are projected to decline by 12.6% to $4.52 per share [2][6] Revenue and Earnings Projections - Revenues are projected to rise 3.98% to $16.75 billion, supported by volume gains across segments [2][6] - The consensus estimate for earnings has decreased by 2.59% over the past 60 days, indicating a decline from the previous year [2] Earnings Surprise History - Caterpillar's earnings have outpaced the Zacks Consensus Estimates in one of the last four quarters, with an average surprise of -1.01% [3][4] Segment Performance Expectations - Resource Industries segment expected external sales of $2.95 billion, a 0.4% year-over-year increase, with a projected operating profit of $615.7 million [11] - Construction Industries segment projected external sales of $6.72 billion, indicating a 6.4% growth, with an operating profit of $1.55 billion [12][13] - Energy and Transportation segment expected external sales of $6.1 billion, suggesting a 1.7% rise, with an operating profit of $1.53 billion [14][15] Cost and Margin Analysis - Tariffs are estimated to have increased costs by $500-$600 million, leading to a projected operating margin of 15.8%, down from 20% in the same quarter last year [6][10] - Adjusted operating income is expected to decrease by 19% year-over-year to $2.62 billion [10] Market Context - The manufacturing sector remained in contraction through Q3 2025, with the Institute for Supply Management's manufacturing index below 50% for most months [7] - Caterpillar's backlog stood at $37.5 billion at the beginning of Q3 2025, which, along with higher aftermarket parts and service revenues, is expected to support top-line growth [8]

Core Viewpoint - The market anticipates Caterpillar (CAT) will report a year-over-year decline in earnings despite an increase in revenues for the quarter ending September 2025, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - Caterpillar is expected to post quarterly earnings of $4.52 per share, reflecting a year-over-year decrease of 12.6%, while revenues are projected to reach $16.75 billion, a 4% increase from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 0.44% over the last 30 days, indicating a reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model shows a positive Earnings ESP of +1.44% for Caterpillar, suggesting recent bullish sentiment among analysts, although the stock holds a Zacks Rank of 4, complicating predictions of an earnings beat [12]. Historical Performance - In the last reported quarter, Caterpillar was expected to earn $4.88 per share but only achieved $4.72, resulting in a surprise of -3.28%. Over the past four quarters, the company has only beaten consensus EPS estimates once [13][14]. Conclusion - While Caterpillar may not be a strong candidate for an earnings beat, investors should consider other factors influencing stock performance ahead of the earnings release [17].

Core Insights - The recent market dynamics have been labeled as the "debasement trade," driven by concerns over budget deficits, high inflation, and the declining dominance of the US dollar [3][4]. Group 1: Market Dynamics - Investors are increasingly purchasing hard assets like gold and silver, which are nearing record prices, as well as cryptocurrencies, viewing them as beneficiaries of a weakening dollar and persistent inflation [4][6]. - The selling side of the debasement trade includes currencies and government debt, with Japan experiencing a sell-off in the yen and sovereign bonds due to political changes [5][6]. - Central bank stimulus globally continues to support the debasement narrative, with low interest rates and money printing raising inflation concerns [6][7]. Group 2: Asset Performance - Gold and silver have seen significant returns, with both assets achieving over 60% returns year-to-date, driven by market volatility and supply shortages [14]. - Bitcoin has had a mixed performance, initially declining but later benefiting from its dual role as a risk asset and an inflation hedge [15]. Group 3: Investment Strategies - The debasement trade, while not a perfect explanation for market movements, serves as a useful framework for understanding current market conditions [9]. - Investors are advised to monitor individual components of the debasement trade and adjust their strategies accordingly to capitalize on market dislocations [9]. - David Kelly from JPMorgan Asset Management suggests focusing on UK and European stocks as they may benefit from a declining dollar, viewing them as undervalued with strong dividends [20].

Core Insights - The article discusses five hedge fund-favored stocks that have outperformed the S&P 500 Total Return Index, which rose 15.3%, with the selected stocks rising 23.6% over the past year [3]. Group 1: Taiwan Semiconductor Manufacturing Company (TSMC) - TSMC is a leading semiconductor manufacturer, with a net profit margin of 42%, and is utilized by nearly all major semiconductor companies except Intel [4]. - The stock is currently priced at 30 times recent earnings and 26 times the expected earnings for 2026, indicating it is not overly expensive despite geopolitical risks [5]. Group 2: Berkshire Hathaway - Berkshire Hathaway, led by Warren Buffett, has a low debt-to-equity ratio of 19%, positioning it well to acquire distressed companies during economic downturns [7]. - The company continues to attract hedge fund investments despite Buffett's impending retirement [6]. Group 3: Walmart - Walmart is expected to perform well during economic downturns due to its low-price strategy, which helps retain existing customers and attract new ones [9]. - The stock is currently valued at $107, with a recommendation to buy if it falls below $100 and to purchase enthusiastically at $90 [10]. Group 4: JPMorgan Chase - JPMorgan Chase has maintained a return on assets of 1.00% or more in six of the past seven years, indicating strong financial health [11]. - A potential scenario where the Federal Reserve cuts short-term interest rates while long-term rates remain stable could benefit JPMorgan [12]. Group 5: Caterpillar - Caterpillar is benefiting from a weak dollar, which enhances its export capabilities, as over half of its sales come from outside the U.S. [13]. - The company faces challenges from tariffs imposed by the Trump administration, but the positive effects of the weak dollar are expected to outweigh these challenges [13]. Group 6: Performance of Previous Recommendations - The previous year's hedge fund favorites included H&E Equipment Services, which saw a 68% gain after being acquired, and Customers Bancorp, which returned 29% [14]. - D.R. Horton experienced a 14% loss, while Loews Corp and Toyota Motor Corp achieved returns of 22% and 13%, respectively [14].

Core Insights - AI is transforming agriculture, with CNH at the forefront, providing innovative solutions to address challenges like limited farming land, climate change, and labor shortages [1][3] Group 1: AI Innovations in Agriculture - CNH's AI systems enhance productivity by making real-time decisions for equipment like combines, tractors, and sprayers, optimizing inputs and steering vehicles [2] - Technologies such as SenseApply™ sprayer automation utilize machine vision to apply treatments selectively, reducing herbicide usage and improving farmer productivity annually [2] Group 2: Company Overview and Strategy - CNH Industrial is a leading global equipment and technology company focused on innovation, sustainability, and productivity, supporting its brands with strategic direction and R&D capabilities [4][8] - The company offers a comprehensive range of agricultural applications through brands like Case IH and New Holland, as well as construction products through CASE and New Holland Construction Equipment [4][8] Group 3: Expert Insights - Insights from CNH experts and Dr. Dennis Buckmaster highlight how AI and connectivity are shaping the future of farming, making it smarter, faster, and more sustainable [3]

Core Viewpoint - Truist Securities has raised its price target on Deere & Company to $609.00 from $602.00 while maintaining a Buy rating, indicating a positive outlook despite muted investor sentiment ahead of earnings [1] Group 1: Market Sentiment and Expectations - Investor sentiment toward Deere remains muted ahead of earnings, creating a favorable setup for potential growth [1] - Analysts believe that market expectations for 2026 are overly bearish, particularly following a 20% decline in early orders for sprayers [1] Group 2: Segment Performance and Outlook - The outlook for large agricultural equipment in North America is uncertain due to trade-related risks, but a uniform 20% decline across all segments is not expected [2] - Early signs of improvement are noted in European and Brazilian agriculture, as well as in Deere's Construction and Forestry divisions [2] Group 3: Earnings Potential - Deere's earnings could benefit from a 10% underproduction in Small Ag, Turf, and Construction equipment, along with ongoing cost-cutting initiatives [3] - Despite headwinds in large agriculture, Deere is still positioned to grow earnings per share in 2026 [3] Group 4: Upcoming Catalysts - The pending decision on the U.S. Renewable Fuel Standard, expected by late October, is highlighted as a potential catalyst for U.S. farmers [4] - Deere's upcoming investor day on December 8 is anticipated to outline long-term strategic and financial goals [4]

Group 1 - The Shareholders' Nomination Board of KH Group Plc has been appointed according to the Charter approved by the Annual General Meeting on 11 May 2022 [1][2] - The Nomination Board consists of three representatives from the largest shareholders and the Chairman of the Board of Directors [1][2] - Simon Hallqvist has been elected as the Chairman of the Nomination Board during its organizing meeting on 8 October 2025 [1][3] Group 2 - The primary role of the Nomination Board is to prepare and present proposals regarding the composition and remuneration of the Board of Directors for the Annual General Meeting [2] - Proposals must be delivered to the Company's Board of Directors by the last day of January preceding the Annual General Meeting [2] - KH Group Plc operates in various sectors including construction equipment, rescue vehicles, and interior decoration retail [2]

Group 1 - Nvidia is recognized as the "de facto AI infrastructure company" and is highlighted as a key stock to watch [1] - Coherent (COHR) is also identified as a significant player in the AI data center sector [1] - United Rentals (URI) is noted for its exposure to data centers within the construction equipment supply industry [1] Group 2 - Sea Ltd. (SE), a Singapore-based gaming and e-commerce company, is included in the list of stocks near buy points [1] - Expedia Group (EXPE) rounds out the list of five stocks that are being monitored for potential investment opportunities [1] Group 3 - The stock market experienced a rebound to new highs last week, indicating positive market sentiment [2] - Upcoming events include OpenAI's DevDep Day, the release of Fed Minutes, and Taiwan Semiconductor's monthly sales report, which may impact market dynamics [2]

Group 1 - CNH's New Holland brand is advancing sustainable farming with the T7 Methane Power tractor, which is designed for farmers to adopt alternative fuel solutions [3][4] - The T7 Methane Power tractor features a gas tank capacity of 657 liters (173 gallons US), allowing it to operate for a full eight-hour silage shift [4] - Biogas is becoming increasingly popular in the agricultural sector, with CNH investing in Bennamann, a UK start-up that provides on-farm fueling stations and micro-digesters for converting cattle manure into fuel [5] Group 2 - CNH Industrial is a global leader in equipment, technology, and services, focusing on innovation, sustainability, and productivity [6] - The company has a diverse portfolio of brands, including Case IH, New Holland, STEYR, Raven, and others, providing a wide range of agricultural and construction solutions [6][7] - CNH has a history of over two centuries as a pioneer in its sectors, with a workforce of over 35,000 employees dedicated to empowering customers [7]

Core Viewpoint - Multi Ways Holdings Limited has successfully closed the second tranche of a registered direct offering, raising a total of $1,485,000 through the sale of 9,000,000 ordinary shares and warrants [1][2]. Group 1: Offering Details - The offering was priced at $0.165 per ordinary share and accompanying warrant, with each warrant exercisable at $0.198 per share for five years [2]. - The net proceeds from this offering will be utilized for working capital and general corporate purposes [2]. Group 2: Company Background - Multi Ways Holdings Limited is a prominent supplier of heavy construction equipment for sales and rental in Singapore and the surrounding region, with over two decades of experience in the industry [6]. - The company serves a diverse customer base, including clients from Singapore, Australia, UAE, Maldives, Indonesia, and the Philippines, positioning itself as a reliable one-stop shop for heavy construction equipment [6]. Group 3: Legal and Advisory - Spartan Capital Securities, LLC acted as the exclusive placement agent for this offering, while Ortoli Rosenstadt LLP and Sichenzia Ross Ference LLP provided legal counsel to the company and the placement agent, respectively [3]. - The offering was conducted under an effective registration statement filed with the Securities and Exchange Commission [4].