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.
In the most recent trading session, Caterpillar (CAT) closed at $330.57, indicating a +0.23% shift from the previous trading day.
Recently, Zacks.com users have been paying close attention to Caterpillar (CAT). This makes it worthwhile to examine what the stock has in store.
Caterpillar teams up with Luminar to add its cutting-edge LiDAR technology to heavy machinery to boost automation, safety and efficiency.
The S&P 500 index recently slipped over 10% from its peak and officially entered the correction territory. Although it has rebounded since, the heightened volatility amid economic and geopolitical concerns and stubborn inflation have put dividend stocks in the spotlight.
The latest trading day saw Caterpillar (CAT) settling at $341.67, representing a +1.75% change from its previous close.
Caterpillar (CAT) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Caterpillar (CAT) concluded the recent trading session at $336.71, signifying a -1.73% move from its prior day's close.
The spread will achieve the maximum profit if Caterpillar stock closes below 360 on April 17. The post Caterpillar Stock Today: This Bear Call Spread Could Earn A 23% Return By Mid-April appeared first on Investor's Business Daily.