Caterpillar's post-earnings drop could end rival Deere's run, market watchers warn

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Caterpillar's post-earnings drop could end rival Deere's run, market watchers warn $CAT $DE (via TradingNation)

on Wednesday, which sent the stock over 4% lower by the end of the trading session.

Worries about that theory playing out only grew louder as the IHS Markit U.S. Manufacturing Purchasing Managers' Index, which tracks the economic well-being of U.S. manufacturers, fell to 50 in July, its lowest level since 2009. "The correlation between these two companies or these two stocks has been quite strong," Matt Maley, chief market strategist at Miller Tabak, said Wednesday on CNBC's

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gold, earnings and emerging markets could boost investor returns through year-endWith five months to go and the markets still hanging around record highs, ETF experts are naming their top picks to help investors position themselves going into year-end. Gold is good? Everyone knows the US economy is getting ready for a potentially significant correction. Conservatives need to ask if 45's approach, like bullying the Fed to keep interest rates low, are only for Trump, and will they make the correction worse? TrumpTrainWreck
Source: CNBC - 🏆 12. / 72 Read more »

Forget Facebook—Twitter could see a 25% boost on earnings, says chart watcherForget Facebook—Twitter could see a 25% boost on earnings, says chart watcher $FB $TWTR (via TradingNation) TradingNation Who is holding TWTR in your studio? TradingNation CivicScience has been tracking usage Twitter since 2015 and monthly, weekly, and daily Twitter users have been on the rise in Q2 lizzygurdus
Source: CNBC - 🏆 12. / 72 Read more »

Caterpillar drops after company cuts guidance, citing tariffs and lower demand in ChinaShares of Caterpillar dropped after the company posted disappointing second-quarter results as higher material costs including tariffs and lower demand in China made a dent in its profit, SquawkCNBC reports.
Source: CNBC - 🏆 12. / 72 Read more »

Amazon looks ready for a 40% rally, says market watcherIn advance of Amazon's earnings report on Thursday, Craig Johnson says the stock chart is pointing to big gains. Mark Tepper also likes the stock. The stupidity has made it to the High Wire Act.. As impressive as this StockMarket Show has been. It’s time to Bow Out People.. Stop Following The Goats.. You Know the Story. Over the Cliff they GO.. Thats right, lie to the american people and the sheeps will follow. People need to be in jump suits after this next crash.
Source: CNBC - 🏆 12. / 72 Read more »

ITV First-Half Earnings, Ad Revenue Drop Amid Brexit UncertaintyThe U.K. TV giant, led by CEO Carolyn McCall, reports its latest financials and will add a second run of 'Love Island' for 2020, while also planning additional cost savings. Our shows are about so very little. Who cares?
Source: THR - 🏆 411. / 53 Read more »