Caterpillar Inc (CAT)

CAT (NYSE:Industrial) EQUITY
$82.76
neg -0.16
-0.19%
Today's Range: 82.13 - 83.14 | CAT Avg Daily Volume: 5,127,100
Last Update: 07/29/16 - 4:00 PM EDT
Volume: 4,274,239
YTD Performance: 22.01%
Open: $82.70
Previous Close: $82.92
52 Week Range: $56.36 - $84.29
Oustanding Shares: 583,868,746
Market Cap: 49,103,361,539
6-Month Chart
TheStreet Ratings Grade for CAT
Buy Hold Sell
A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- F
TheStreet Ratings is the source for accurate ratings that you can rely upon to make sound, informed financial decisions. Click here to find out about our methodology.
Analysts Ratings
Historical Rec Current 1 Mo. Ago 2 Mo. Ago 3 Mo. Ago
Strong Buy 1 1 1 1
Moderate Buy 0 0 0 0
Hold 12 11 11 11
Moderate Sell 0 0 0 0
Strong Sell 1 1 1 1
Mean Rec. 3.00 3.00 3.00 3.00
Latest Dividend: 0.77
Latest Dividend Yield: 3.66%
Dividend Ex-Date: 07/18/16
Price Earnings Ratio: 43.58
Price Earnings Comparisons:
CAT Sector Avg. S&P 500
43.58 44.50 12.90
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
6.65% 6.61% 1.05%
GROWTH 12 Mo 3 Yr CAGR
Revenue -14.80 -0.30 -0.11
Net Income -43.10 -0.60 -0.28
EPS -40.50 -0.60 -0.26
Earnings for CAT:
EBITDA 8.95B
Revenue 47.01B
Average Earnings Estimates
Qtr (09/16) Qtr (12/16) FY (12/16) FY (12/17)
Average Estimate $0.73 $1.01 $3.50 $3.53
Number of Analysts 7 7 7 9
High Estimate $0.76 $1.12 $3.64 $3.90
Low Estimate $0.69 $0.91 $3.30 $3.17
Prior Year $0.75 $0.74 $4.64 $3.50
Growth Rate (Year over Year) -2.86% 36.68% -24.60% 0.77%
Chart Benchmark
Average Frequency Timeframe
Indicator Chart Scale  
Symbol Comparison Bollinger Bands

My Takeaways and Observations Real Money Pro($)

The U.S. dollar was weaker. Crude oil dropped by nearly $1 to $41.10. The causality between energy prices and junk bonds and equities have disconnected recently. Gold rose by $7 to $1,333. Agricultural commodities: wheat -3, corn -3, soybeans -7. Lumber -3. Bonds were weaker despite poor economic data and a downbeat Atlanta Fed GDP forecast. I believe that the fixed-income market is discounting a recession. The 10-year U.S. note lost one basis point in yield to 1.50% and the long bond was flat, yielding 2.22%. The 2s/10s spread was relatively flat at 79 basis points. Municipals were up small. Closed-end muni bond funds were mixed. Junk bonds acted junky. Banks and insurance stocks were mixed and brokerages were lower. Financial Select Sector SPDR ETF (XLF) was up eight cents -- a new (small) short based on the flattening in the yield curve and the prospects for deteriorating domestic economic growth. Autos were lower on Ford's negative guidance and outlook. Oil stocks weakened off of crude oil's continued dive. Retail stocks, save Home Depot (HD) and Lowe's(LOW) (which were stronger), faltered. Agricultural equipment gave back recent gains; I missed shorting Caterpillar (CAT) (which I wanted to execute) but was not around this morning. Media was lower, and was old tech. Staples picked up a bid after recent weakness. Biotech was flat after spirited action yesterday. (T)FANG featured big rips by GOOGL and AMZN after the close and post earnings. In individual stocks, Apple (AAPL) continued to gain (up $1.50) and DuPont (DD) might have an appointment with $70a share. Here are some value added contributions on our site today:: Jim "El Capitan" Cramer on Ford and peak autos. Thanks for the shout-out, Jimmy!  Ben "Goldfinger" Cross on the Federal Open Market Committee, gold, aluminum and Ford.  Big Jim Gentile on autos -- fuhgetabout 'em!  RevShark on the prospects for a market breakout. The Divine Ms M on the subsurface "action."

My Takeaways and Observations Real Money Pro($)

The U.S. dollar faltered. The price of crude oil fell another $1 on top of days of losses. No correlation at all with stocks. Gold up $20 to $1,341. A two-week high. Agricultural commodities: wheat flat, corn +4, soybeans +13, oats -1. Lumber -2. Bonds ripped higher, with iShares 20+ Year Treasury Bond ETF (TLT) up $1.90. The yield on the 10-year U.S. note dropped by six basis points to 1.50%. The long bond was 21%. As mentioned earlier the 2s/10s spread dropped to 78 basis points, within three basis points of the lowest spread since 2007. Municipals were well-bid. Closed-end muni bond funds gave up a bit despite the gain in taxables. Junk bonds were higher. Banks continued to rally. I shorted Financial Select Sector SPDR ETF (XLF) near day's end. An awful Deutsche Bank (DB) profit report sent the shares nearly 4% lower. Insurance stocks were hit on higher bond prices. Retail universally was lower after some tentative signs recently of technical improvement. Crude oil's decline hit energy stocks -- another group that appeared to have improved technically. Maybe not so much. Media was mixed. Staples were weak, led by lower guidance at KO. Biotech was up 3%, led by good news from Allergan (AGN) . Ag equipement was mixed. Deere (DE) was lower but my short Caterpillar (CAT) continues its strong climb. (T)FANG featured an earnings-inspired run from FB after the close. In individual names, Apple was higher, Twitter lower and Oaktree Capital Group (OAK) was down nearly 4% in reaction to earnings. which I will get to tonight. Here are some valuable contributions on our site today: Jim "El Capitan" Cramer on four stocks that upset the short community.  Tom Graff on the Fed.  Rev Shark invokes The Happenings. We'll see the Fed in September.  "Big" James Gentile on when good earnings really aren't. Ed Ponsi "Scheme" on the tale of two Apples. 
Today's rate announcement was what everyone expected.
Panera Bread, Buffalo Wild Wings, Caterpillar and Boeing looked ripe for declines, but they didn't follow the downbeat script.

The Good, The Bad and The Ugly Real Money Pro($)

Apple (AAPL) . Apple's earnings beat expectations, and I've shorted more of the stock today. Banks. Financials continue to inch higher despite the flattening yield curve (which I addressed yesterday). Bank of America (BAC) , Citigroup (C) and JPMorgan Chase (JPM) are all marginally higher today amid a weak tape. However, I'm not currently playing in the sector. The Nasdaq Composite. With Apple at the index's back, the Nasdaq Composite continues to climb. Gold. The precious metal has successfully approached and tested the $1,300 breakout level. Junk bonds. High-yield continues a multi-month-long rally. The Blackstone/GSO Strategic Credit closed-end fund (B
Does that make these companies good enough to invest in?
The stock is on its way up.
Bullish
Jul 27, 2016 | 7:44 AM EDT
CAT estimates were raised through 2018, Credit Suisse said. Company continues to cut costs. Outperform rating and new $90 price target....
There are dozens of tech stocks like LLTC that are ripe for consolidation.

My Takeaways and Observations Real Money Pro($)

The U.S. dollar strengthened. Crude oil dropped again, but only by two bits to $42.87. Gold was essentially unchanged. Agricultural commodities: wheat -13, corn -1.50, soybeans +7.50 and oats-2. Lumber +1.30. Bonds were better bid despite a weak five-year note auction. The yield on the 10-year U.S. note fell by one basis point and the long bond yield was flat. The 2s/10s spread was 81 basis points, up slightly day over day. Municipals bid were up small. Junk bonds were weaker, but Blackstone/GSO Strategic Credit Fund (BGB) was up a dime to a new recent high of $14.85. This, despite a big divergence between lower oil prices and higher junk bond prices. Banks continued to rally despite weakness in European bank shares. Insurance stocks were well-bid, though my long Hartford Financial Services Group (HIG) , a recent star, was slightly lower. Brokerages flatlined after a large run-up. Retail was stronger, led by my short Nordstrom(JWN) , which was up nearly 3% on an upgrade. Energy stocks were weaker along with the lower commodities price. Biotech got hit, with Gilead Sciences (GILD) down more than 8%. Ag equipment , led by my short Caterpillar (CAT) , was up 5% after an earnings beat. CAT is now well into where I am considering additional shorts. Staples are conspicuously weak on the dollar's strength. My short Coca-Cola (KO) is getting hit. I am planning to add to this short. Autos are nothing -- again, which is disappointing after General Motors' GM earnings "blow out." (T)FANG was lower, but my short Netflix (NFLX) was higher based on a large insider purchase. In individual stock, DuPont (DD) is up on better earnings (more on this tomorrow). Starbucks (SBUX) was up, but well off its high, after a research upgrade at Goldman. Here are some value-added contributions on our site today: Jim "El Capitan" Cramer on tech tie-ups.  Mark Sebastian on Apple's technical setup. He is buying out-of-the-money calls. I remain short, and shorted more today. Gary Morrow is a running with Nike (NKE) . I remain short Foot Locker (FL) .  Tim "Not Judy or Phil" Collins goes tweet tweet.  Roger Arnold on the yield curve and insurance stocks.

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