245.32 +0.53 (0.22%)
Pre-market: 5:48AM EDT
|Bid||245.25 x 900|
|Ask||0.00 x 800|
|Day's range||241.15 - 245.43|
|52-week range||111.47 - 245.78|
|Beta (5Y monthly)||0.92|
|PE ratio (TTM)||39.14|
|Earnings date||29-Jul-2021 - 02-Aug-2021|
|Forward dividend & yield||4.12 (1.68%)|
|1y target est||238.72|
CAT rose from 50-day line after retreating to that key level following seemingly strong earnings. Early entry … perhaps if gets above last week's high. Close to regular buy point of 237.88.
We're about halfway through earnings season and stop us if you've heard this before: companies are beating earnings expectations left and right.
Caterpillar Inc on Thursday reported higher quarterly earnings but warned supply-chain bottlenecks, particularly a global shortage of semiconductor chips, could affect its ability to keep up with increasing customer orders. In an interview, Chief Financial Officer Andrew Bonfield said while the company was seeing a recovery in most of its markets around the world, the supply situation related to chips remained "dynamic and very fluid" and could impact production later this year. Bonfield said Caterpillar is spending more on freight to get goods to its factories on time.