Staying on the Sidelines

By

Chris Laudani

 | Aug 21, 2014 | 11:00 AM EDT
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Caterpillar (CAT) shares are trading just 4 points from the stock's 52-week high, but the company's sales are a total disaster. The stock is short-seller favorite, but it has outperformed the S&P 500 and is up almost 20% year to date. What the heck is going on?

Going into the second quarter, investors were excited. The stock was up 35% from the December lows and analysts were expecting a strong quarter. Then, on July 24, the excitement turned to horror as the company missed on revenue and management slashed forward guidance. Investor reaction was immediate. The stock fell almost 10% as investors dumped their shares....614 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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