|Day Low/High||143.21 / 145.34|
|52 Wk Low/High||111.75 / 148.47|
Management commentary from CAT is key on Monday.
The big miss may defer or remove the rotation back into economically sensitive sectors (e.g., industrials) that had been quietly emerging. If so, where is the market's beef (?) and will this put an end to the Bull Market run since Christmas Eve?
I mentioned that the miss could stall the rotation into industrials. The Nvidia big miss and guide down may stall the rotation into technology.
The machinery giant's first earnings miss since 2016 is pushing its stock into a hole.
The marketplace will react to this week's China, U.S. trade talks in a huge way.
It's going to be one hectic week.
Let's review the charts as CAT has been in a downtrend for a while.
Focusing on the actual worth of individual stocks is the way to make money.
Dow Theory presents tips for surviving a bear market, some top year-end stock bargains and a simple strategy for monthly income.
But extreme short-term volatility will produce extreme long-term loss of public trust.
With the Dow down around 3% Tuesday, a closer look at CAT is in order.
What to buy and what to trim on the 90-day extension on trade talks.
Who's likely to win and who's likely to lose on Monday.
"We're all hurt someplace and we're all looking for a painkiller." -- Katherine, Looking For Mr. Goodbar As I have previously remarked there is an old trading adage that long trading opportunities often occur in stocks that are green in a sea of red...
I think we have to change the storyline here.
Caterpillar reports the slowest rate of growth in retail sales since September, 2017.
Insiders buy for only one reason -- to make money.
This month has been lousy, but there are factors that could still produce a year-end rally.
CAT stock is showing an alignment of bearish signals.
Better-than-expected numbers from PulteGroup and TRI Pointe Group are encouraging.
The current market is about escaping positions before they can fall further and then waiting until conditions improve.
"Workin' on our night moves Trying to lose the awkward teenage blues Workin' on out night moves In the summertime And oh the wonder Felt the lightning And we waited on the thunder Waited on the thunder." -- Bob Seger, Night Moves Overnight the S&P ...
Caterpillar shares crawled downward on Tuesday.
There is some substantial work that needs to be done to return to health.
The big question now is how much longer can this bounce continue?
This stock can become much cheaper if there is a major cycle turn occurring.
Caterpillar is getting crushed by macroeconomic factors.