Caterpillar, Honeywell, and Industrial Stocks Are Breaking Down. What’s Next.

Industrial stocks have taken a major hit recently. The concern is the economy—and the shares are now trading at scary levels.

They’ve dropped because the market knows the Federal Reserve must—as the bank has indicated—keep interest rates high for a while in order to cool down inflation and the economy. Eventually, that will hurt demand and limit companies’ spending on large equipment needed to build products, while waning consumer demand will hurt airlines and transport companies.

Caterpillar beat sales and earnings estimates Tuesday, but buyers haven’t stepped in. Shares are actually in the red in midday Tuesday trading, and are now down 20% from record highs set in early August. Newsletter Sign-up It’s the type of story that’s laid the industrials ETF low. It had taken several tries over the past few years for buyers to finally come in at around $105—and they did early this summer—to lift shares. Now, selling pressure is keeping the ETF below that level. The delayed damage to the economy from higher rates is starting to show up in forward-looking indicators in companies’ earnings releases.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Stocks mixed into Fed meeting, new Apple MacBooks, Caterpillar and Pfizer earnings, AMD on DeckStocks mixed, Apple, Caterpillar, AMD, Pfizer
Herkunft: startelegram - 🏆 248. / 63 Weiterlesen »

Stocks making the biggest moves premarket: JetBlue, Pinterest, Chewy, Caterpillar and moreThese are the stocks posting the largest moves in premarket trading.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Hong Kong stocks climb for second day as Japanese stocks dropSupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Caterpillar earnings: What to expect from the construction equipment makerInvestors seem to have prepped for a disappointing Q3 report, while Wall Street analysts are expecting something bullish
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Caterpillar Earnings Will Be All About the BacklogCat reports Tuesday morning. Wall Street is looking for earnings per share of $4.80 from sales of $16.6 billion.
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Caterpillar shares jump as construction spending powers Q3 earnings beatCaterpillar shares will provide a solid boost for the Dow after the construction equipment giant posted much stronger-than-expected third quarter earnings.
Herkunft: startelegram - 🏆 248. / 63 Weiterlesen »