Caterpillar (CAT) Offering Possible 17.92% Return Over the Next 34 Calendar Days

Caterpillar's most recent trend suggests a bearish bias. One trading opportunity on Caterpillar is a Bear Call Spread using a strike $150.00 short call and a strike $160.00 long call offers a potential 17.92% return on risk over the next 34 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $150.00 by expiration. The full premium credit of $1.52 would be kept by the premium seller. The risk of $8.48 would be incurred if the stock rose above the $160.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Caterpillar is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Caterpillar is bearish.

The RSI indicator is at 58.04 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Caterpillar

Zacks Earnings Trends Highlights: Fastenal, United Rentals, Caterpillar, Texas Instruments and Hasbro
Thu, 14 Nov 2019 15:40:03 +0000
Zacks Earnings Trends Highlights: Fastenal, United Rentals, Caterpillar, Texas Instruments and Hasbro

Caterpillar's Sales Growth Slips to Lowest Point in October
Thu, 14 Nov 2019 15:09:03 +0000
Caterpillar's (CAT) global machine sales growth rate chart has been in the single digits so far this year and dropped to 3% in October – at levels last witnessed in 2017.

Stocks – U.S. Futures Slip as US-China Talks Hit Reported Snag
Thu, 14 Nov 2019 06:51:00 +0000
Investing.com – U.S. futures fell on Thursday, after reports that trade talks with China have hit a snag on Chinese purchases of U.S. farm products, amid other concerns.

Caterpillar Takes a Hit as Chile Riots Add to Global Uncertainty
Wed, 13 Nov 2019 23:00:00 +0000
(Bloomberg) — Add the riots in Chile and political issues in other parts of Latin America to troubles dimming the outlook for Caterpillar Inc.On Wednesday, the world’s largest maker of mining and construction equipment reported that its three-month rolling average sales growth in the region slowed to 4% in October, matching the January data that was the weakest since mid-2017.Latin America accounted for about 9% of Caterpillar’s revenue in 2018, according to data compiled by Bloomberg. Weakness in the region accelerated the slowdown in the company’s worldwide sales growth to 3%, the worst since April 2017.“There’s the social unrest in Chile, which is an important mining market,” Larry de Maria, an analyst at William Blair, said in a telephone interview. “Argentina has a difficult political situation and Brazil hasn’t really improved the way people hoped it would improve.”The shares fell 1.3% to $144.49 on Wednesday in New York, extending this week’s decline.Last month, Caterpillar refrained from giving sales guidance, citing the uncertain global economic outlook. Last week, the company said it’s implementing layoffs of temporary workers at its plant in Michigan and across the globe, in line with its move to cut production to match demand.Security forces in Chile, the world’s largest copper producer, struggled to control riots across the capital Tuesday evening, prompting President Sebastian Pinera to call for a national agreement on peace and a new constitution.In Argentina, Alberto Fernandez’s surprise victory in a primary vote put the leftist on course for the presidency. In Brazil, the largest-ever auction of oil deposits flopped, signaling the region’s biggest economy will struggle to rely on investments to jump start weak growth.To contact the reporter on this story: Joe Deaux in New York at jdeaux@bloomberg.netTo contact the editors responsible for this story: Luzi Ann Javier at ljavier@bloomberg.net, Steven FrankFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

A Favorable Earnings Picture
Wed, 13 Nov 2019 21:45:09 +0000
A Favorable Earnings Picture

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