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Caterpillar Inc. Announces Layoffs At Plant In South Texas
Monday, November 4, 2019 - 9:26am | 474Read More...Caterpillar Inc. (NYSE: CAT) notified 120 workers at its Victoria, Texas, facility that they will no longer have a job effective, November 1. Company officials said "market conditions" are the reason for the layoffs. "Caterpillar notified a portion of its Victoria, Texas, workforce that it is...
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Wednesday's Market Minute: Are You Frightened?
Wednesday, October 23, 2019 - 8:53am | 366Read More..."Not nearly frightened enough," is Aragorn's addendum to Frodo's "Yes" to that question in the first installment of Peter Jackson's Lord of the Rings series, when the two are fleeing a group of zombie-magic kings. That scene came to mind when I read a rather...
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Boeing, Caterpillar, Other Trade-Sensitive Stocks Get Boost Amid Market Optimism
Tuesday, September 24, 2019 - 9:30am | 1384Read More...Although it’s now fall, apparently hope springs eternal on Wall Street. Investors seem to be taking heart this morning amid increased optimism on the trade front. Bloomberg reported that China has given waivers to several companies to buy at least two million tons of U.S. soybeans...
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Caterpillar Earnings Disappoint Due To Weaker China Sales And Higher Production Costs
Wednesday, July 24, 2019 - 3:37pm | 695Read More...Global equipment manufacturer Caterpillar Inc.'s(NYSE: CAT) second quarter earnings disappointed analysts. The company cited a combination of tariffs, weaker sales in China and slower growth in the Permian Basin for the declines. The Deerfield, Illinois-based company reported a 5.1 percent...
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Strength In Mining Business Powers Caterpillar First-Quarter Results To Record
Wednesday, April 24, 2019 - 10:41am | 627Read More...Heavy-duty equipment maker tops estimates largely due to one-time tax gain, but the mining business does show better growth. Caterpillar Inc. (NYSE: CAT) saw first quarter 2019 net income top analysts' estimates as resurgent demand for coal and iron ore drove up results in the...
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After Hitting Highest Close Ever, Market Starts Day Off With Weak Boeing Results
Wednesday, April 24, 2019 - 9:02am | 2461Read More...Strong company guidance and a number of big earnings beats helped push the S&P 500 Index to an all-time high close yesterday, but today might see a slight headwind from Boeing Co (NYSE: BA) after the aircraft maker’s earnings came up short. Boeing missed third-party estimates, pulled its...
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CAT Just Landed On Its Feet With An Across-The-Board Q3 Beat
Wednesday, October 25, 2017 - 10:07am | 615Read More...Reviewing Caterpillar Inc. (NYSE: CAT)'s third-quarter results, Stifel said the company reported another solid quarter, with results exceeding expectations across all metrics. The manufacturer has successfully navigated challenging conditions over the past four-plus years, said analyst...
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Likely Winners and Losers in Obama's 2014 Budget
Thursday, April 11, 2013 - 9:21am | 646Read More...President Barack Obama’s proposed $3.8 trillion budget is designed to cut the deficit by $600 billion over 10 years, after factoring in the negation of cuts already enacted under the sequester according to The Associated Press. Depending on the framework of the final budget, some businesses...
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These Stocks are Ripe for an Oversold Bounce
Tuesday, February 26, 2013 - 8:09am | 531Read More...Technical traders aren’t looking at the fundamentals. They don’t put a lot of weight into the story of Apple (NYSE: AAPL) or the fact that the Fed is backstopping the economy. They look at the charts and the technical indicators. One of those indicators is the degree to which a stock is...
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Jefferies Raises PT on Caterpillar To $132
Monday, May 2, 2011 - 7:56am | 26Read More...Jefferies & Company has raised the price target on Caterpillar (NYSE: CAT) from $125 to $132 and maintains its Buy rating.
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Goldman Sachs Comments On Caterpillar Management Meetings
Thursday, March 31, 2011 - 7:29am | 285Read More...According to Goldman Sachs, Caterpillar (NYSE: CAT) management meetings reinforce sharp focus on cost control and acquisition integration. Goldman Sachs reported that it came away from CAT management meetings increasingly confident in the company's much improved organization structure, the...
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RBC Capital Mkts Changes Price Target on (POT, JOYG, CAT, ARUN)
Tuesday, November 16, 2010 - 10:11am | 77Read More...RBC Capital Mkts: Increases its price target on Potash (NYSE: POT) to $170 from $150. Increases its price target on Joy Global (NASDAQ: JOYG) to $88 from $77. Increases its price target on Caterpillar (NYSE: CAT) to $98 from $92. Increases its price target on Aruba networks (NASDAQ: ARUN) to $24...
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Tenaris’ (TS) Price Target lowered
Friday, February 26, 2010 - 8:19pm | 83Read More...Analyst Stephen Gengaro at Jefferies & Company, Inc. has lowered the price target for Tenaris (ADR) (NYSE: TS) from $53 to $50. According to Jefferies, the company is well positioned to capitalize on the rising OCT demand over the next several years. Jefferies believes that the improving...
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Caterpillar Inc. (CAT) Upgraded By Morgan Stanley
Tuesday, February 9, 2010 - 9:19am | 92Read More...Morgan Stanley (NYSE: MS) upgraded its rating of Caterpillar Inc. (NYSE: CAT) from Underweight to Overweight and raised Caterpillar 's price target from $51 to $70. "We are now more bullish than consensus on both the pace of cyclical acceleration and on CAT's ability to deliver on its structural...
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Proposed Financial Regulations Send Stocks Falling
Thursday, January 21, 2010 - 12:25pm | 352Read More...U.S. stocks took a fall on Thursday due to concerns that possible government restrictions on banks' size and activities could lead to the unintended consequence of reduced liquidity across the markets. "We're free falling," said Dave Rovelli, managing director of U.S. equity trading at Canaccord...
