The Investment Committee debate the latest Calls of the Day.
Caterpillar (CAT) has made a change at the top.
In the closing of the recent trading day, Caterpillar (CAT) stood at $293.45, denoting a +1.48% change from the preceding trading day.
So, how is everyone enjoying the roller coaster this morning?
Caterpillar (CAT) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
The stock market's nosedive last Thursday and Friday was not the worst two-day plunge in U.S. history.
Tariffs are spreading fear among investors and pushing for an increase in domestic manufacturing activity. Caterpillar and Deere are two iconic American manufacturers that will be partly affected by tariffs. In this article, I compare the two stocks to assess which one is the better pick right now.
Shares in Caterpillar (CAT -4.62%) were down by about 7.5% at 11 a.m. ET today as the market continued to sell off equities in the wake of tariff measures imposed on U.S. trade partners.
Equipment stocks Deere & Co (NYSE:DE) and Caterpillar Inc (NYSE:CAT) are both succumbing to broad-market pressure today, after China announced retaliatory tariffs of 34% on the U.S. DE was last seen down 4.6% to trade at $426.72, hitting its lowest levels since mid-January.
Wall Street's initial reaction to the new tariff policies announced Wednesday night is not positive, and manufacturers of heavy equipment are reacting worse than the overall market.
Caterpillar gains 1% yesterday despite tariff announcements. Read our full analysis to know whether it is time to buy or wait.
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.