Caterpillar Inc. (CAT) has been making rounds due to various developments and market trends. The company participated in the MINEexpo Fireside Chat through its COO Joe Creed and Group President, Denise Johnson. Caterpillar is also said to be quietly building parts for a rumored pickup truck. Financial results have been announced for Q1, Q2, and full year of 2023 and 2024. The company demonstrated strong performance with Profit beating estimates in several quarters. The performance of CAT stock was frequently compared to the broader markets, with various instances of both ascending and descending trends. Significant insider selling was reported. Despite declining revenues, CAT was still held as a robust long-term value and growth stock. They also announced several key strategic moves including boosting its share buyback plan, signing an agreement with CRH for electric off-highway trucks and charging solutions, and unveiling new productivity features within its VisionLink Solutions. However, some confusion surrounds the company's ventures into automobile production with contradicting reports on whether a Caterpillar Pickup truck is being developed.
Caterpillar CAT News Analytics from Tue, 31 Oct 2023 07:00:00 GMT to Sat, 14 Sep 2024 21:15:51 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor -2
