Stocks making the biggest moves premarket: 3M, Tesla, Caterpillar, Starbucks, Boeing & more

DowDupont — DowDupont matched forecasts with adjusted earnings of 84 cents per share, while revenue fell below Wall Street forecasts. Dunkin’ Brands — The restaurant chain reported adjusted quarterly profit of 67 cents per share, 5 cents a share above estimates. Tempur Sealy — The mattress retailer beat estimates by 6 cents a share, with adjusted quarterly profit of 54 cents per share. The chipmaker’s revenue also exceeded Wall Street forecasts, however the company predicted lower-than-expected


DowDupont — DowDupont matched forecasts with adjusted earnings of 84 cents per share, while revenue fell below Wall Street forecasts. Dunkin’ Brands — The restaurant chain reported adjusted quarterly profit of 67 cents per share, 5 cents a share above estimates. Tempur Sealy — The mattress retailer beat estimates by 6 cents a share, with adjusted quarterly profit of 54 cents per share. The chipmaker’s revenue also exceeded Wall Street forecasts, however the company predicted lower-than-expected
Stocks making the biggest moves premarket: 3M, Tesla, Caterpillar, Starbucks, Boeing & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-02  Authors: peter schacknow, yun li, fred imbert
Keywords: news, cnbc, companies, 3m, share, quarter, street, wall, cents, adjusted, quarterly, tesla, premarket, boeing, starbucks, making, revenue, biggest, caterpillar, forecasts, moves, estimates, stocks


Stocks making the biggest moves premarket: 3M, Tesla, Caterpillar, Starbucks, Boeing & more

Check out the companies making headlines before the bell:

3M — 3M is buying wound care technology company Acelity from a consortium led by funds advised by Apax Partners. The deal has an enterprise value of $6.7 billion including assumed debt, and 3M is cutting its projected share buybacks for 2019 following the announcement of the deal.

Tesla — Tesla detailed new capital raising plans that would generate about $2.3 billion in gross proceeds. That includes a 2.7 million share common stock offering, of which CEO Elon Musk may buy nearly 42,000, and $1.35 billion in convertible notes.

Cigna — The insurance company earned an adjusted $3.90 per share for the first quarter, above the consensus estimate of $3.73 a share. Revenue also beat forecasts and Cigna also raised its full-year outlook. Cigna is being helped by improved sales at its health services unit, which now includes the pharmacy benefits business of recently acquired Express Scripts.

Caterpillar — The heavy equipment maker raised its quarterly dividend by 20% to $1.03 per share.

Dow Inc. — The chemical maker reported better-than-expected revenue in its first report since being separated from DowDupont on April 1. It did not give an earnings per share number, but its core earnings total was 24% lower than in the year-earlier period, hurt by lower prices.

DowDupont — DowDupont matched forecasts with adjusted earnings of 84 cents per share, while revenue fell below Wall Street forecasts. The company’s results were hit by bad weather and weakness in the auto and mobile phone markets.

Under Armour — The athletic apparel maker earned 5 cents per share for the first quarter, beating analysts’ predictions of a breakeven quarter. Under Armour’s revenue also beat estimates amid strong overseas demand and the company raised its full-year forecast.

Dunkin’ Brands — The restaurant chain reported adjusted quarterly profit of 67 cents per share, 5 cents a share above estimates. Revenue also topped forecasts and Dunkin’ had a better-than-expected same store sales increase of 2.4%.

Tempur Sealy — The mattress retailer beat estimates by 6 cents a share, with adjusted quarterly profit of 54 cents per share. Revenue beat forecasts as well, and the company raised its full-year forecast.

Wayfair — The home furnishings seller lost $1.62 per share for the first quarter, 2 cents a share wider than Wall Street had anticipated. Revenue topped estimates, however.

Qualcomm — Qualcomm reported adjusted quarterly profit of 77 cents per share, 6 cents above estimates. The chipmaker’s revenue also exceeded Wall Street forecasts, however the company predicted lower-than-expected shipments for its cellular phone chips. Separately, Qualcomm said it would receive at least $4.5 billion as part of its recent legal settlement with Apple.

Square — Square came in 3 cents a share above estimates, with adjusted quarterly profit of 11 cents per share. The mobile payments company’s revenue was also above analysts’ forecasts. The stock, however, is coming under pressure due to a lower-than=expected current-quarter outlook, with transaction volume in a downward trend.

Fitbit — Fitbit lost an adjusted 15 cents per share for its latest quarter, 7 cents a share less than analysts had predicted. The fitness device maker’s revenue came in above Wall Street estimates as it sold 2.9 million of its wearable devices during the quarter.

Caesars Entertainment — The casino operator lost 32 cents per share for the first quarter, wider than the 18 cents a share loss Wall Street was expecting. Revenue came in above estimates, however, and Caesars said it saw a 5.8% rise in Las Vegas market business.

Eventbrite — Eventbrite lost 13 cents per share for the first quarter, wider than the 10 cents a share loss expected by analysts. The event ticketing company’s revenue also came in below forecasts. Eventbrite also gave a weaker-than-expected forecast for the current quarter, as it deals with higher operating expenses.

Facebook — Facebook is reportedly negotiating a settlement with the Federal Trade Commission that would involve the creation of an independent privacy oversight committee, according to Politico.

Starbucks — Starbucks is recalling 263,000 coffee presses due to a laceration hazard, according to the Consumer Product Safety Commission.

Boeing — The Federal Aviation Administration is mandating new flight control software and parts for Boeing’s 787 Dreamliner, to address various safety issues. Boeing had already outlined related changes in service bulletins over the past few years, with the FAA’s directive making those changes compulsory.

Sanofi — The drugmaker received Food and Drug Administration approval for its dengue vaccine known as Dengvaxia.

MetLife — MetLife reported earnings of $1.48 per share for the first quarter, beating the consensus estimate of $1.27 a share, though the insurance company’s revenue was below forecasts. Rival Prudential Financial missed estimates by 16 cents a share, with first-quarter profit of $3 per share, with revenue slightly below forecasts. Prudential’s results were hurt by higher long-term employee compensation expenses.

Beyond Meat — The meat substitute maker will make its Wall Street debut today after pricing its initial public offering at $25 per share, at the upper end of its projected range. Beyond Meat will trade on the Nasdaq.


Company: cnbc, Activity: cnbc, Date: 2019-05-02  Authors: peter schacknow, yun li, fred imbert
Keywords: news, cnbc, companies, 3m, share, quarter, street, wall, cents, adjusted, quarterly, tesla, premarket, boeing, starbucks, making, revenue, biggest, caterpillar, forecasts, moves, estimates, stocks


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Uber could go public with a valuation higher than GE, Caterpillar or Morgan Stanley

Uber could go public at a stock price that would make it bigger than some of the best-known names in the S&P 500. The eye-popping figure would make it more valuable than S&P juggernauts like DowDuPont, General Electric and Caterpillar, according to data from Finviz.com. It would also top Morgan Stanley and BlackRock, with market capitalizations of $81 billion and $74 billion, respectively. Lyft, which went public in April, had a loss of $911 million on $2.1 billion in revenue last year. Market v


Uber could go public at a stock price that would make it bigger than some of the best-known names in the S&P 500. The eye-popping figure would make it more valuable than S&P juggernauts like DowDuPont, General Electric and Caterpillar, according to data from Finviz.com. It would also top Morgan Stanley and BlackRock, with market capitalizations of $81 billion and $74 billion, respectively. Lyft, which went public in April, had a loss of $911 million on $2.1 billion in revenue last year. Market v
Uber could go public with a valuation higher than GE, Caterpillar or Morgan Stanley Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: kate rooney, jerod harris, fortune, getty images
Keywords: news, cnbc, companies, stanley, billion, company, stock, revenue, valuation, higher, shares, public, losses, according, uber, ge, morgan, market, caterpillar


Uber could go public with a valuation higher than GE, Caterpillar or Morgan Stanley

Uber could go public at a stock price that would make it bigger than some of the best-known names in the S&P 500.

The ride-hailing company plans to list shares between $44 and $50 in its upcoming initial public offering, several news outlets reported Thursday, citing people familiar with the matter. That would value the company at as high as $90 billion when it lists on the New York Stock Exchange, according to a Bloomberg report.

The eye-popping figure would make it more valuable than S&P juggernauts like DowDuPont, General Electric and Caterpillar, according to data from Finviz.com. It would also top Morgan Stanley and BlackRock, with market capitalizations of $81 billion and $74 billion, respectively.

Market capitalization, or “market cap,” is the total dollar amount of a company’s outstanding shares, which can be calculated by multiplying the firm’s outstanding shares by the price of one share.

Uber is different from its potential market-cap peers in a key way — it’s not making money.

The San Francisco-based start-up has been mounting billion-dollar losses ahead of its market debut. Its adjusted losses totaled $1.85 billion in 2018, according to its initial IPO prospectus. Those losses slowed from 2017, when Uber lost $2.2 billion. The company increased its revenue to $11.3 billion, up 43 percent year over year.

Most tech companies are not known for making money ahead of public offerings. Lyft, which went public in April, had a loss of $911 million on $2.1 billion in revenue last year. Twitter was losing money when it listed on the New York Stock Exchange in 2013. Snap, Spotify and SurveyMonkey — which all listed in 2018 — were also bleeding money.

Lyft, Zoom and Pinterest all priced above their marketed range this year. The valuations for these tech unicorns are based on future profits, since almost none of their businesses are profitable yet.

Market valuation expert Aswath Damodaran has said the recent totals are far too high — or as he put it, “scary.”

“I’m a little scared of Uber at $100 billion,” the NYU Stern professor told CNBC. “I think both Lyft and Uber are struggling with a way to convert revenue growth into profits. So you are paying $100 billion for a company that still doesn’t have a viable business model. That’s scary.”

WATCH: Uber’s IPO will be five times the size of Pinterest and Zoom’s IPOs combined


Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: kate rooney, jerod harris, fortune, getty images
Keywords: news, cnbc, companies, stanley, billion, company, stock, revenue, valuation, higher, shares, public, losses, according, uber, ge, morgan, market, caterpillar


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Uber could go public with a valuation higher than GE, Caterpillar or Morgan Stanley

Uber could go public at a stock price that would make it bigger than some of the best-known names in the S&P 500. The eye-popping figure would make it more valuable than S&P juggernauts like DowDuPont, General Electric and Caterpillar, according to data from Finviz.com. It would also top Morgan Stanley and BlackRock, with market capitalizations of $81 billion and $74 billion, respectively. Lyft, which went public in April, had a loss of $911 million on $2.1 billion in revenue last year. Market v


Uber could go public at a stock price that would make it bigger than some of the best-known names in the S&P 500. The eye-popping figure would make it more valuable than S&P juggernauts like DowDuPont, General Electric and Caterpillar, according to data from Finviz.com. It would also top Morgan Stanley and BlackRock, with market capitalizations of $81 billion and $74 billion, respectively. Lyft, which went public in April, had a loss of $911 million on $2.1 billion in revenue last year. Market v
Uber could go public with a valuation higher than GE, Caterpillar or Morgan Stanley Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: kate rooney, jerod harris, fortune, getty images
Keywords: news, cnbc, companies, stanley, billion, company, stock, revenue, valuation, higher, shares, public, losses, according, uber, ge, morgan, market, caterpillar


Uber could go public with a valuation higher than GE, Caterpillar or Morgan Stanley

Uber could go public at a stock price that would make it bigger than some of the best-known names in the S&P 500.

The ride-hailing company plans to list shares between $44 and $50 in its upcoming initial public offering, several news outlets reported Thursday, citing people familiar with the matter. That would value the company at as high as $90 billion when it lists on the New York Stock Exchange, according to a Bloomberg report.

The eye-popping figure would make it more valuable than S&P juggernauts like DowDuPont, General Electric and Caterpillar, according to data from Finviz.com. It would also top Morgan Stanley and BlackRock, with market capitalizations of $81 billion and $74 billion, respectively.

Market capitalization, or “market cap,” is the total dollar amount of a company’s outstanding shares, which can be calculated by multiplying the firm’s outstanding shares by the price of one share.

Uber is different from its potential market-cap peers in a key way — it’s not making money.

The San Francisco-based start-up has been mounting billion-dollar losses ahead of its market debut. Its adjusted losses totaled $1.85 billion in 2018, according to its initial IPO prospectus. Those losses slowed from 2017, when Uber lost $2.2 billion. The company increased its revenue to $11.3 billion, up 43 percent year over year.

Most tech companies are not known for making money ahead of public offerings. Lyft, which went public in April, had a loss of $911 million on $2.1 billion in revenue last year. Twitter was losing money when it listed on the New York Stock Exchange in 2013. Snap, Spotify and SurveyMonkey — which all listed in 2018 — were also bleeding money.

Lyft, Zoom and Pinterest all priced above their marketed range this year. The valuations for these tech unicorns are based on future profits, since almost none of their businesses are profitable yet.

Market valuation expert Aswath Damodaran has said the recent totals are far too high — or as he put it, “scary.”

“I’m a little scared of Uber at $100 billion,” the NYU Stern professor told CNBC. “I think both Lyft and Uber are struggling with a way to convert revenue growth into profits. So you are paying $100 billion for a company that still doesn’t have a viable business model. That’s scary.”

WATCH: Uber’s IPO will be five times the size of Pinterest and Zoom’s IPOs combined


Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: kate rooney, jerod harris, fortune, getty images
Keywords: news, cnbc, companies, stanley, billion, company, stock, revenue, valuation, higher, shares, public, losses, according, uber, ge, morgan, market, caterpillar


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Boeing, Caterpillar stocks rise as investors bet a China trade deal will come soon, Jim Cramer says

Investors made a move on industrial stocks in anticipation that a U.S.-China trade agreement is near completion, CNBC’s Jim Cramer said Thursday. “A lot of money managers are betting we’ll get a trade deal in the not-too-distant future, which is why Boeing and Caterpillar roared higher today,” the “Mad Money” host said. Cramer said Boeing’s stock should have fallen Thursday after investigatorsblamed the plane manufacturer, not the pilots, for an Ethiopian Airlines crash that killed 157 people la


Investors made a move on industrial stocks in anticipation that a U.S.-China trade agreement is near completion, CNBC’s Jim Cramer said Thursday. “A lot of money managers are betting we’ll get a trade deal in the not-too-distant future, which is why Boeing and Caterpillar roared higher today,” the “Mad Money” host said. Cramer said Boeing’s stock should have fallen Thursday after investigatorsblamed the plane manufacturer, not the pilots, for an Ethiopian Airlines crash that killed 157 people la
Boeing, Caterpillar stocks rise as investors bet a China trade deal will come soon, Jim Cramer says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-04  Authors: tyler clifford
Keywords: news, cnbc, companies, rise, come, trade, boeing, caterpillar, cramer, stocks, soon, deal, china, buy, stock, tariffs, jim, investors, boeings


Boeing, Caterpillar stocks rise as investors bet a China trade deal will come soon, Jim Cramer says

Investors made a move on industrial stocks in anticipation that a U.S.-China trade agreement is near completion, CNBC’s Jim Cramer said Thursday.

“A lot of money managers are betting we’ll get a trade deal in the not-too-distant future, which is why Boeing and Caterpillar roared higher today,” the “Mad Money” host said.

The world’s two largest economies reportedly made progress in trade talks this week, and stocks gained on the news. The Dow Jones Industrial Average, powered by Boeing’s nearly 3 percent rise, added more than 166 points on the session and the S&P 500 gained 0.2 percent for its first six-day winning streak in more than a year.

The Nasdaq, on the other hand, shed 0.1 percent.

“While I’m very skeptical about these negotiations with China, because I know that [the U.S.] wants to keep the tariffs on no matter what, the stock market is saying: ‘hey, a deal is a deal,'” Cramer said. “This kind of positivity seems counterintuitive in the face of the conventional wisdom about this market.”

Cramer said Boeing’s stock should have fallen Thursday after investigatorsblamed the plane manufacturer, not the pilots, for an Ethiopian Airlines crash that killed 157 people last month. The company has been under scrutiny after two fatal 737 Max jet crashes within 5 months. Cramer also said the Federal Aviation Authority probe and software fix could cut into production of Boeing’s top-selling jet, he said.

But China, in an effort to show good faith in trade negotiations, could be prepared to make a “statement buy” for a ton of Boeing planes, the host said.

“It would be greeted so positively, oh my, which is why I can’t blame anyone for wanting to own the stock here, not sell it or short it,” Cramer said. “Plus, look, we know Boeing’s going to fix the problem, this is Boeing for heaven’s sake. These guys are [passionate] about safety. As tragic as those two crashes were, I bet we ultimately move on and Boeing’s business ends up doing fine.”

China could also buy equipment from Caterpillar, he said. Cramer said he was surprised that Deutsche Bank downgraded the stock on Wednesday.

“They need earthmovers. So this could be a great time for the Chinese Communist Party to direct their state-owned enterprises to buy earthmovers from Caterpillar instead of, say, Komatsu,” he said. “I think that could turn out to be a very ill-advised downgrade.”

Additionally, retailers will be a winner if they a trade deal eases tariffs on Chinese imports, Cramer said. Investors could also be expecting a strong March jobs number to be released Friday, following a positive jobless claim report on Thursday, he said.

“The consumer is alive and well. The economy is alive and well, too,” Cramer said. “If we get a trade deal and those duties are withdrawn, you could raise numbers for most of the retailers immediately.”


Company: cnbc, Activity: cnbc, Date: 2019-04-04  Authors: tyler clifford
Keywords: news, cnbc, companies, rise, come, trade, boeing, caterpillar, cramer, stocks, soon, deal, china, buy, stock, tariffs, jim, investors, boeings


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Stocks making the biggest moves midday: Home Depot, Caterpillar, J.M. Smucker & more

Check out the companies making headlines midday Tuesday:Home Depot – Shares of Home Depot fell 2.5 percent after the home improvement retailer posted weaker-than-expected fourth-quarter results. Home Depot earned $2.09 per share during its fourth quarter, missing the $2.16 per share expectation. Caterpillar – Caterpillar stock dropped nearly 3 percent after UBS double downgraded the shares to sell from buy on Tuesday, citing slowing global construction demand. Discovery Communications – The cabl


Check out the companies making headlines midday Tuesday:Home Depot – Shares of Home Depot fell 2.5 percent after the home improvement retailer posted weaker-than-expected fourth-quarter results. Home Depot earned $2.09 per share during its fourth quarter, missing the $2.16 per share expectation. Caterpillar – Caterpillar stock dropped nearly 3 percent after UBS double downgraded the shares to sell from buy on Tuesday, citing slowing global construction demand. Discovery Communications – The cabl
Stocks making the biggest moves midday: Home Depot, Caterpillar, J.M. Smucker & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-26  Authors: yun li, bryan r smith, afp, getty images
Keywords: news, cnbc, companies, biggest, results, midday, stock, moves, caterpillar, jm, fourthquarter, cents, smucker, depot, making, share, revenue, quarter, shares, posted, stocks


Stocks making the biggest moves midday: Home Depot, Caterpillar, J.M. Smucker & more

Check out the companies making headlines midday Tuesday:

Home Depot – Shares of Home Depot fell 2.5 percent after the home improvement retailer posted weaker-than-expected fourth-quarter results. Home Depot earned $2.09 per share during its fourth quarter, missing the $2.16 per share expectation. Revenue was below forecasts as well. Home Depot also said that the company is seeing slower growth in housing metrics after its 2019 outlook disappointed investors.

Caterpillar – Caterpillar stock dropped nearly 3 percent after UBS double downgraded the shares to sell from buy on Tuesday, citing slowing global construction demand. The bank also lowered its 12-month price target to $125 from $154 a share, saying the majority of the heavy equipment maker’s end markets will peak this year, and that revenue and margins will come under pressure in 2020 as demand declines.

J.M. Smucker – Shares of J.M. Smucker gained almost 6 percent after its fourth-quarter numbers beat expectations. The food producer reported adjusted quarterly profit of $2.26 per share, 25 cents above estimates, while revenue also beat analyst forecasts. The results were helped by increasing contributions from some of the company’s newer products.

Discovery Communications – The cable channel owner and programmer’s stock tumbled more than 7 percent on disappointing fourth-quarter results. Discovery posted earnings of 74 cents a share in the December quarter, below consensus of 78 cents. Revenue also came in below Wall Street forecasts.

Tenet Healthcare – Shares of Tenet surged more than 11 percent after the hospital operator reported better-than-expected earnings. Tenet’s adjusted quarterly profit came in at 51 cents per share, well above the consensus estimate of 28 cents. Revenue also beat forecasts, and Tenet said it had meaningfully improved its financial performance during 2018.

Dillard’s — Dillard’s shares rose more than 16 percent after the department store chain released its fourth-quarter results. The company posted better-than-expected revenue as its same-store sales grew by 2 percent. The fourth-quarter marked the fifth consecutive quarter of expanding same-store sales.

AT&T — Shares of AT&T gained 0.5 percent after a federal appeals judge ruled Tuesday that its merger with Time Warner can stand. The ruling brings it closer to the conclusion of a years-long merger process that has pitted AT&T against U.S. antitrust regulators.

AutoZone — AutoZone stock climbed nearly 6 percent after the auto parts retailer posted better-than-expected quarterly results. For its fiscal second quarter, AutoZone earned $11.49 a share, beating Wall Street estimates of $9.96 per share. U.S. same-store sales rose 2.6 percent, above consensus of 2.2 percent. The company said earnings benefited from tax reform in the current and prior-year quarters.

– CNBC’s Fred Imbert contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-02-26  Authors: yun li, bryan r smith, afp, getty images
Keywords: news, cnbc, companies, biggest, results, midday, stock, moves, caterpillar, jm, fourthquarter, cents, smucker, depot, making, share, revenue, quarter, shares, posted, stocks


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Cramer: Buy names like Caterpillar and Home Depot because this bull market is about to go higher

“I’m grateful and therefore bullish, because it’s almost never too late for the Fed to switch directions,” Cramer said. “The fact that Powell knows things are slowing down, well, that may be the best thing this market has going for it,” Cramer said. I think Caterpillar is exactly, precisely the kind of stock that would scream higher on any kind of agreement with the PRC,” Cramer said. So don’t be misled by data from the fourth quarter when Jerome Powell was still stock market enemy number one,”


“I’m grateful and therefore bullish, because it’s almost never too late for the Fed to switch directions,” Cramer said. “The fact that Powell knows things are slowing down, well, that may be the best thing this market has going for it,” Cramer said. I think Caterpillar is exactly, precisely the kind of stock that would scream higher on any kind of agreement with the PRC,” Cramer said. So don’t be misled by data from the fourth quarter when Jerome Powell was still stock market enemy number one,”
Cramer: Buy names like Caterpillar and Home Depot because this bull market is about to go higher Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-26  Authors: tyler clifford
Keywords: news, cnbc, companies, caterpillar, names, stock, depot, investors, kind, higher, cramer, market, bull, thinks, buy, powell, fed


Cramer: Buy names like Caterpillar and Home Depot because this bull market is about to go higher

CNBC’s Jim Cramer on Tuesday said Federal Reserve policy was to blame for the December sell-off and that the agency’s adjustments have since produced a bull market.

That has created good odds for names like Caterpillar, Home Depot, and the other stocks that investors dumped the day before Christmas, said the “Mad Money” host, who thinks the market has more legs to run.

“I’m grateful and therefore bullish, because it’s almost never too late for the Fed to switch directions,” Cramer said.

On Tuesday, Fed Chairman Jerome Powell said in a Senate hearing that the U.S. economy is still strong but warned of headwinds in foreign markets. The central bank will “carefully monitor” those challenges and make necessary adjustments, he said, months after spooking investors by declaring that the balance sheet roll-off was on “autopilot.”

“The fact that Powell knows things are slowing down, well, that may be the best thing this market has going for it,” Cramer said. “It’s one reason why we rallied from a very ugly opening and were briefly in the black before a hiccup at the close.”

The three major U.S. indexes saw a dip in Tuesday’s session.

Coming off a weaker-than-expected earnings report before the bell Tuesday, Home Depot shares closed nearly 1 percent lower. Earnings and revenue misses heightened investors’ concerns about weak housing data and that the market’s “falling off a cliff,” Cramer said.

“In reality though, housing froze in the fourth quarter because of rate hike fears and now it’s unthawing because the Fed has changed its tune, which makes me bullish on Home Depot, not bearish,” he said. “But the turning in this stock from hideous to merely ugly by the end of the day speaks loads about how at least some people are catching onto the right way of looking at things.”

Additionally, Caterpillar’s stock price lost about 2.4 percent on Tuesday due to a double downgrade from UBS, Cramer said. An analyst at the Swiss bank dropped the equity’s rating from buy to sell and 12-month price target to $125 from $154 on worries that slowing demand in the construction, energy, and transportation sectors will weigh on revenue and margins in 2020.

Cramer has a different outlook for the machine manufacturer. He thinks a dovish Fed could help the market resurge this spring and that a potential trade deal between the United States and China, the largest economies on earth, could help world economics.

“Does anyone honestly believe the global economy won’t make a comeback if we can make a trade deal with the Chinese? I think Caterpillar is exactly, precisely the kind of stock that would scream higher on any kind of agreement with the PRC,” Cramer said.

The host thinks this is a time to buy on Wall Street and investors should ditch the idea that a downturn like last decade’s financial crisis is looming.

“We’re no longer fighting the Fed, people. So don’t be misled by data from the fourth quarter when Jerome Powell was still stock market enemy number one,” Cramer said. “That’s why I think you should buy, not sell, the likes of Caterpillar and Home Depot. … When the Fed is your friend, these are exactly the kind of stocks that like to go higher.”


Company: cnbc, Activity: cnbc, Date: 2019-02-26  Authors: tyler clifford
Keywords: news, cnbc, companies, caterpillar, names, stock, depot, investors, kind, higher, cramer, market, bull, thinks, buy, powell, fed


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Stocks making the biggest moves midday: General Electric, Caterpillar, Wayfair & more

Check out the companies making headlines midday Monday:General Electric, Danaher — Shares of General Electric surged 9.1 percent after the company announced the sale of its biopharmaceutical drug unit to Danaher for $21.4 billion. Wayfair — Shares of Wayfair jumped 6.96 percent as analysts raised their price target on the stock after the e-commerce home goods company reported better-than-expected fourth-quarter earnings. Terex Corp. — The manufacturing company reported adjusted earnings per shar


Check out the companies making headlines midday Monday:General Electric, Danaher — Shares of General Electric surged 9.1 percent after the company announced the sale of its biopharmaceutical drug unit to Danaher for $21.4 billion. Wayfair — Shares of Wayfair jumped 6.96 percent as analysts raised their price target on the stock after the e-commerce home goods company reported better-than-expected fourth-quarter earnings. Terex Corp. — The manufacturing company reported adjusted earnings per shar
Stocks making the biggest moves midday: General Electric, Caterpillar, Wayfair & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-25  Authors: fred imbert, michael nagle, bloomberg, getty images
Keywords: news, cnbc, companies, general, wayfair, shares, company, fourthquarter, stock, stocks, cents, boeing, caterpillar, share, rose, making, midday, danaher, moves, earnings, electric, biggest


Stocks making the biggest moves midday: General Electric, Caterpillar, Wayfair & more

Check out the companies making headlines midday Monday:

General Electric, Danaher — Shares of General Electric surged 9.1 percent after the company announced the sale of its biopharmaceutical drug unit to Danaher for $21.4 billion. GE plans to use the money from the sale to leverage and strengthen the balance sheet. The deal is expected to close during GE’s fourth-quarter of this year. Danaher also gained 8 percent.

Wayfair — Shares of Wayfair jumped 6.96 percent as analysts raised their price target on the stock after the e-commerce home goods company reported better-than-expected fourth-quarter earnings. “Wayfair’s rapidly expanding logistics network, investments in emerging categories, and early success in international markets continue to bolster the trajectory of revenue growth,” Stifel analyst Scott Devitt, who hiked his price target to $132 per share from $115, said in a note.

Terex Corp. — The manufacturing company reported adjusted earnings per share of 51 cents for the fourth quarter, topping an estimate of 47 cents. The results sent Terex up more than 3 percent. Terex also issued better-than-expected earnings guidance for 2019.

Caterpillar, Boeing — Shares of Caterpillar and Boeing rose more than 1 percent each after President Donald Trump said the U.S. would delay issuing additional tariffs against Chinese goods. Caterpillar and Boeing are considered trade bellwethers because of their overseas exposure.

Cronos Group — The Canadian marijuana producer’s U.S.-listed shares fell more than 4 percent after Jefferies initiated coverage of its Toronto-listed stock with an underperform rating. “While historically a solid operator, at present we feel there is little to get really excited about other than the investment and large sum of money from Altria,” Jefferies said in a note.

McDermott International — Shares of McDermott dropped more than 7 percent after the construction company released worse-than-expected fourth-quarter results. McDermott posted a loss of $1.55 per share in the December quarter, while Wall Street had estimated a gain of 17 cents per share. While revenue rose to $2.07 billion from $718 million, it also fell short of expectations.

Goodyear Tire & Rubber — Shares of the tire manufacturer rose nearly 4 percent after a regulatory filing showed Goodyear’s director Werner Geissler bought 35,000 shares of the stock for $652,628 recently. According to Barron’s, that is the largest open-market purchase by an insider since 2004.

—CNBC’s Yun Li and Nadine El-Bawab contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-02-25  Authors: fred imbert, michael nagle, bloomberg, getty images
Keywords: news, cnbc, companies, general, wayfair, shares, company, fourthquarter, stock, stocks, cents, boeing, caterpillar, share, rose, making, midday, danaher, moves, earnings, electric, biggest


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Deere is crushing Caterpillar this year, but experts say that’s about to change

The tractor company is up 20 percent over the past six months, while Caterpillar languishes in the red. Matt Maley, equity strategist at Miller Tabak, said the disparity between Deere and Caterpillar should soon correct itself. Usually the stock that has outperformed comes down and meets the underperforming stock.” It was a slightly different story in 2017 — Deere rallied and the underperforming Caterpillar caught up to it. Mark Tepper, president of Strategic Wealth Partners, instead expects Cat


The tractor company is up 20 percent over the past six months, while Caterpillar languishes in the red. Matt Maley, equity strategist at Miller Tabak, said the disparity between Deere and Caterpillar should soon correct itself. Usually the stock that has outperformed comes down and meets the underperforming stock.” It was a slightly different story in 2017 — Deere rallied and the underperforming Caterpillar caught up to it. Mark Tepper, president of Strategic Wealth Partners, instead expects Cat
Deere is crushing Caterpillar this year, but experts say that’s about to change Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: keris lahiff, daniel acker, bloomberg, getty images, zhang peng, lightrocket, jason alden, kcna, thomas barwick getty images, source
Keywords: news, cnbc, companies, thats, going, usually, experts, tepper, crushing, change, underperforming, say, cat, china, stock, deere, caterpillar, tractor


Deere is crushing Caterpillar this year, but experts say that's about to change

Deere is racing circles around Caterpillar.

The tractor company is up 20 percent over the past six months, while Caterpillar languishes in the red.

Its outperformance even prompted a downgrade from Bank of America to neutral, its analysts contending that lack of progress in U.S.-China trade talks means the stock may have run as far as it can for now.

Matt Maley, equity strategist at Miller Tabak, said the disparity between Deere and Caterpillar should soon correct itself.

“When you go back over time, you go over the last 10 years, these two stocks have been very highly correlated,” Maley said Tuesday on CNBC’s “Trading Nation.” “Every few years a divergence develops and each time that divergence develops, it usually only lasts for a couple of months and they usually fall back together. Usually the stock that has outperformed comes down and meets the underperforming stock.”

In 2011, 2012 and 2014, for example, when Caterpillar raced ahead of Deere it soon rolled over to come back to its underperforming peer. The same thing happened to Deere when it outperformed Caterpillar in 2015. It was a slightly different story in 2017 — Deere rallied and the underperforming Caterpillar caught up to it.

“What I would suggest is that people either want to short John Deere and go long Cat Tractor and for those that can’t go short, you might want to underweight Deere and overweight Cat Tractor because that divergence should resolve itself before too long especially now that it’s been going on for a couple of months,” Maley said.

Mark Tepper, president of Strategic Wealth Partners, instead expects Caterpillar to catch up to Deere and then pass it.

“Deere’s valuation looks really stretched right now and Cat looks undervalued and beyond that there’s positive catalysts that could take Cat higher but I’m not seeing that for Deere. I think everything good seems to already be priced in,” Tepper said Tuesday on “Trading Nation.”

Tepper also expects a revival in infrastructure demand and any clarity in trade talks with China to give Caterpillar a big boost.

“We think that demand is really going to revive itself so that’s a positive catalyst for Cat and when we see that happen whether it’s in China or more likely here in the U.S., that’s going to take Cat’s stock higher,” said Tepper. “Once we get resolution with China both of these stocks are going to rally but Cat is going to do better.”

President Donald Trump has said he may extend his March 2 deadline for additional tariffs on China if the two are close to a deal. The two countries are currently in negotiations.


Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: keris lahiff, daniel acker, bloomberg, getty images, zhang peng, lightrocket, jason alden, kcna, thomas barwick getty images, source
Keywords: news, cnbc, companies, thats, going, usually, experts, tepper, crushing, change, underperforming, say, cat, china, stock, deere, caterpillar, tractor


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Tricks for navigating volatility as Caterpillar sounds global growth alarm

The industrial giant posted disappointing quarterly earnings and gave weak guidance on Monday, a canary-in-the-coal-mine moment for investors worried about global economic growth. Kevin O’Leary, co-founder of O’Leary Funds and co-host of “Shark Tank,” says this will not be isolated to just Caterpillar. We’ve got a slowdown going here,” O’Leary said on CNBC’s “ETF Edge” on Monday. I think Caterpillar is sitting at about 1.5 percent in this portfolio,” Nadig said on “ETF Edge” on Monday. Disclosur


The industrial giant posted disappointing quarterly earnings and gave weak guidance on Monday, a canary-in-the-coal-mine moment for investors worried about global economic growth. Kevin O’Leary, co-founder of O’Leary Funds and co-host of “Shark Tank,” says this will not be isolated to just Caterpillar. We’ve got a slowdown going here,” O’Leary said on CNBC’s “ETF Edge” on Monday. I think Caterpillar is sitting at about 1.5 percent in this portfolio,” Nadig said on “ETF Edge” on Monday. Disclosur
Tricks for navigating volatility as Caterpillar sounds global growth alarm Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-29  Authors: keris lahiff
Keywords: news, cnbc, companies, tricks, sp, global, include, qual, alarm, etfs, volatility, sounds, growth, etf, edge, navigating, quality, tank, shark, caterpillar, oleary


Tricks for navigating volatility as Caterpillar sounds global growth alarm

Caterpillar is sounding the alarm on the global economy.

The industrial giant posted disappointing quarterly earnings and gave weak guidance on Monday, a canary-in-the-coal-mine moment for investors worried about global economic growth. The bellwether company sources 60 percent of its revenue from outside of the United States.

Kevin O’Leary, co-founder of O’Leary Funds and co-host of “Shark Tank,” says this will not be isolated to just Caterpillar.

“The numbers don’t lie. We’ve got a slowdown going here,” O’Leary said on CNBC’s “ETF Edge” on Monday. “The order cycle for CAT is multi-quarters so this has been happening, it’s been stewing in the back end of last year, now it’s manifesting itself in this quarter. This does not bode well for the S&P earnings growth.”

S&P 500 profits are expected to grow by 6 percent in 2019, according to FactSet estimates, much slower than the 22 percent growth last year.

Some ETFs could be the best place to hide to outlast major swings in volatility this year. O’Leary’s picks include Goldman Sachs ActiveBeta U.S. large-cap equity ETF (GSLC), iShares Edge MSCI USA Quality Factor ETF (QUAL) and his own O’Shares FTSE US Quality Dividend ETF (OUSA).

“We’re dissecting the S&P 500 to find the better names to sit in the weeds during periods like this and own stocks with good balance sheets and high cash flows,” he said.

The GSLC ETF holds Microsoft, Amazon and Alphabet, the QUAL ETF’s top holdings include Alphabet, Apple and Facebook, and the OUSA ETF includes Cisco, AT&T and Intel.

Dave Nadig, managing director of ETF.com, prefers the First Trust industrials ETF (FXR), which has outperformed the market this year.

“You limit your exposure to any one name there to about 2 percent. I think Caterpillar is sitting at about 1.5 percent in this portfolio,” Nadig said on “ETF Edge” on Monday. “That goes a long way toward giving you the exposure on the upside but minimizing your risk on a day like [Monday].”

The FXR ETF’s top holdings include Boeing, Union Pacific and Honeywell. It has risen 9 percent this month, better than the S&P 500’s 5 percent advance.

Disclosure: CNBC owns the exclusive off-network cable rights to “Shark Tank.”


Company: cnbc, Activity: cnbc, Date: 2019-01-29  Authors: keris lahiff
Keywords: news, cnbc, companies, tricks, sp, global, include, qual, alarm, etfs, volatility, sounds, growth, etf, edge, navigating, quality, tank, shark, caterpillar, oleary


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China’s slowing economy hits companies beyond Caterpillar and Nvidia

Slowing growth in China — which has likely been made worse by the ongoing trade war between the world’s two largest economies — is hitting American companies hard, experts said. In fact, according to Gorey, the trade war “highlights a very fundamental truth about US‑China relations.” Margaret Yang, market analyst at CMC Markets, said the guidance from Caterpillar and Nvidia paints a weaker outlook for the peak earnings season. China last week reported that its 2018 economic growth rate came in a


Slowing growth in China — which has likely been made worse by the ongoing trade war between the world’s two largest economies — is hitting American companies hard, experts said. In fact, according to Gorey, the trade war “highlights a very fundamental truth about US‑China relations.” Margaret Yang, market analyst at CMC Markets, said the guidance from Caterpillar and Nvidia paints a weaker outlook for the peak earnings season. China last week reported that its 2018 economic growth rate came in a
China’s slowing economy hits companies beyond Caterpillar and Nvidia Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-29  Authors: weizhen tan, chip somodevilla, getty images
Keywords: news, cnbc, companies, slowing, economic, yang, trade, economy, warned, companies, china, war, caterpillar, uschina, unlikely, nvidia, growth, chinas, hits


China's slowing economy hits companies beyond Caterpillar and Nvidia

Slowing growth in China — which has likely been made worse by the ongoing trade war between the world’s two largest economies — is hitting American companies hard, experts said.

In fact, according to Gorey, the trade war “highlights a very fundamental truth about US‑China relations.”

“The two are unavoidably symbiotic. Both are huge influences on the world economy. The pair thus cannot separate themselves,” he said. “And the economic health of one correlates positively with the other. So if one inflicts pain on the other, they both eventually feel it too.”

In December, U.S. President Donald Trump and Chinese President Xi Jinping agreed to halt any further tariff increases on each other’s products during a 90-day period in which both countries would continue to negotiate a trade deal.

Margaret Yang, market analyst at CMC Markets, said the guidance from Caterpillar and Nvidia paints a weaker outlook for the peak earnings season. More than 100 S&P 500 companies are scheduled to report their earnings, including Apple, Microsoft, Amazon and Facebook.

“The trade and growth uncertainties surrounding markets over the past few months has started to materialise and Trump’s radical trade policy has resulted in adverse economic impact to even the American companies,” Yang said in a note.

Goldman Sachs in a Friday note warned its clients about companies with big revenues from China. In addition to Nvidia, it called out Broadcom, Micron Technology, Qualcomm, Qorvo, Skyworks Solutions and Wynn Resort.

China last week reported that its 2018 economic growth rate came in at 6.6 percent — the slowest pace since 1990. J.P. Morgan wrote in a January report that the economic slowdown is likely to continue in 2019.

The uncertainty about the outcome of trade negotiations between U.S. and China remains high, and the conflict could escalate again in the second half of this year, Haibin Zhu, J.P. Morgan’s chief China economist and head of China equity strategy, said in the bank’s report.

Zhu, who warned that the trade war could even transition to “non-tariff actions,” sounded a pessimistic tone on the future of U.S.-China relations.

“In the long term, China and the US are unlikely to regain their past relationship. The negative impact on trade, business incentives, and the acceleration in global supply chain relocation could be postponed due to the temporary truce, but are unlikely to disappear,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-01-29  Authors: weizhen tan, chip somodevilla, getty images
Keywords: news, cnbc, companies, slowing, economic, yang, trade, economy, warned, companies, china, war, caterpillar, uschina, unlikely, nvidia, growth, chinas, hits


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