Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Caterpillar (CAT), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.
If all the major news agencies have their fingers on the pulse of monetary policy, it's coming – interest rate cuts, that is. According to The Wall Street Journal, Federal Reserve officials will meet soon to discuss a potential September reduction in the benchmark interest rate.
Caterpillar (CAT) reachead $341.72 at the closing of the latest trading day, reflecting a -0.82% change compared to its last close.
Caterpillar (CAT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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.
With multiple interest rate cuts on the horizon, now's the time to rotate back into infrastructure stocks. Low borrowing costs following rate reductions foster a positive financial landscape for funding expansive infrastructure projects.
Elections are tricky business and it's important not to put too much emphasis on polls, especially polls before September. That said, it seems clear that Republican candidate and former President Donald Trump has a less-complicated path to the White House.
On July 18, Bespoke data revealed a shift in the S&P 500: while the top ten stocks fell 5.6%, the remaining 490 rose 3.7%, highlighting a market-broadening trend. Caterpillar stands out, boasting improved profitability, steady service revenue, and strategic tech integrations. Its diverse market exposure bolsters resilience. Despite global challenges, CAT's robust free cash flow, consistent dividend growth, and strong dealer network make it a solid investment. I remain bullish on its long-term prospects.
The Dow Jones Industrial Index is made up of 30 of the largest, publicly traded companies trading on either the New York Stock Exchange (NYSE) or the Nasdaq. These companies are known as blue-chip stocks to buy for their ability to deliver stable, reliable performance no matter what's going on in the economy.
The Russell 2000 index surged last week as investors shifted their focus from large-cap technology stocks to smaller companies, spotlighting industrial stocks to buy now. This shift was driven by the anticipation of potential Federal Reserve rate cuts, which investors believe could more significantly benefit these smaller firms.
Several factors have contributed to these 3 stocks' long-term outperformance, including consistent sales growth, margin expansion, and efficient capital deployment.
Zacks.com users have recently been watching Caterpillar (CAT) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.