CAT lowed its sales guidance to $66 billion, from $68-$70 billion, citing continued weak global economic conditions. CAT believes that the world economy will only grow by 2.5% in 2012, which would be the weakest growth since 2009. The company also expects the first half of 2013 to be weaker than the second half of the year. For the full details about Caterpillar, please visit the site of Insider Monkey.
Wednesday, October 02, 2013
3 Stocks to Avoid After Caterpillar Lowers its Outlook
When Caterpillar lowers its outlook, those stocks that need to avoid are shown in an article. , Insider Monkey made a listing of "3 Stocks to Avoid After Caterpillar Lowers its Outlook". Caterpillar Inc. (NYSE:CAT), the world’s largest producer of heavy equipment, showed showed strong growth last quarter, posting EPS that was up almost 50% from the prior quarter. Company sales were driven by new equipment purchases in both North America and Asia, with sales up 9% and 8% quarter over quarter, respectively. The company’s stock was up as high as 2% on the news, but our question is how should you trade the other major infrastructure-related companies based on CAT’s revised outlook.
CAT lowed its sales guidance to $66 billion, from $68-$70 billion, citing continued weak global economic conditions. CAT believes that the world economy will only grow by 2.5% in 2012, which would be the weakest growth since 2009. The company also expects the first half of 2013 to be weaker than the second half of the year. For the full details about Caterpillar, please visit the site of Insider Monkey.
CAT lowed its sales guidance to $66 billion, from $68-$70 billion, citing continued weak global economic conditions. CAT believes that the world economy will only grow by 2.5% in 2012, which would be the weakest growth since 2009. The company also expects the first half of 2013 to be weaker than the second half of the year. For the full details about Caterpillar, please visit the site of Insider Monkey.
