'Fast Money' traders talk industrial's leading the market higher.
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.
Caterpillar (CAT) closed the most recent trading day at $374.89, moving +0.89% from the previous trading session.
Caterpillar (CAT 3.28%) was quite the energetic cat on the stock exchange as the trading week kicked off. The durable construction vehicle and equipment maker's shares ended the day more than 3% higher, on news of an analyst's recommendation upgrade.
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.
In the latest trading session, Caterpillar (CAT) closed at $364.20, marking a +0.11% move from the previous day.
Considering Caterpillar stock's premium valuation and downward estimate revisions, should investors reassess their positions? Let us dig deeper.
As the calendar turns over to 2025, leading Wall Street firms such as Jefferies are releasing their top stock picks for the new year. Typically, these are companies that analysts have an incredible conviction for. In addition, they often have good upside to the assigned price target and are bestowed with either a Buy or Overweight rating, depending on the company providing the coverage.
I reiterate a buy rating on Caterpillar due to its attractive valuation despite recent relative weakness in the Industrials sector. CAT's Q3 results missed expectations, but management's share buybacks, strong balance sheet, and growing order backlog provide optimism for future performance. Key risks include weaker global growth, high interest rates, and reduced construction market trends, but CAT's technicals suggest a potential bounce-back.
Caterpillar's stock price has moved into a technical correction after falling by 12% from its highest level this year. It fell to $367, and is hovering at its lowest level since September.
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.