Caterpillar Stock Forum

Cook anticipates unexpected industrial growth in H2 2024. Despite softening demand, earnings remain resilient due to record-level backlogs. Aggressive pricing actions over the years have also helped offset inflation.

CNBC’s Jim Cramer on Wednesday said artificial intelligence is going to be essential to big market rallies over the next few years.
“This technological revolution is crossing all barriers, even potentially becoming the heart of our national security apparatus, so we’d be like ostriches with our heads in the sand if we don’t address it,” he said. “I think it could potentially be the key to making the biggest money over the next...

Evercore ISI analysts suggest investors to cut back on machinery stocks after a period of outperformance, as they believe the stocks' valuations now require sales and EPS reacceleration into 2025 and growth in 2026. The firm views the lower quality outperformance year-to-date as a reason to pause and let sector earnings grow into machinery stocks.

CFO's recent share sale at current price raises caution. Insiders selling more than buying doesn't inspire confidence. High insider ownership suggests management's consideration for shareholders, yet insider selling leaves us cautious.

Dave Walton, President of Cat Financial, lauds the strong performance of the business and the health of the global portfolio in 2023. He underscores the team's dedication to executing their strategy and providing financial services solutions to Caterpillar customers and dealers globally.

The strong Q4 results, particularly in the energy and transportation business, and the record annual sales, are likely to boost investor confidence in Caterpillar. However, the lack of guidance for 2024 may create some uncertainty.

The company's Q4 results and forecast have been positively received by investors, with Caterpillar stock up 6.3% in premarket trading. The company's strong performance and optimistic outlook may continue to drive investor interest.