CAT Stock Summary and Trading Ideas (Caterpillar | NYSE:CAT)

Caterpillar is the premier manufacturer of heavy equipment, power solutions, and locomotives. It is currently the world's largest manufacturer of heavy equipment with over 13% market share in 2021. The company is divided into four reportable segments: construction industries, resource industries, energy and transportation, and Caterpillar Financial Services. Its products are available through a dealer network that covers the globe with about 2,700 branches maintained by 160 dealers. Caterpillar Financial Services provides retail financing for machinery and engines to its customers, in addition to wholesale financing for dealers, which increases the likelihood of Caterpillar product sales.

Caterpillar trades on the NYSE stock market under the symbol CAT.

As of April 19, 2024, CAT stock price declined to $354.11 with 1,244,804 million shares trading.

CAT has a beta of 1.17, meaning it tends to be more sensitive to market movements. CAT has a correlation of 0.31 to the broad based SPY ETF.

CAT has a market cap of $188.87 billion. This is considered a Large Cap stock.

Last quarter Caterpillar reported $17 billion in Revenue and $5.23 earnings per share. This fell short of revenue expectation by $-40 million and exceeded earnings estimates by $.48.

In the last 3 years, CAT stock traded as high as $382.01 and as low as $160.60.

The top ETF exchange traded funds that CAT belongs to (by Net Assets): VTI, VOO, SPY, DIA, IVV.

CAT has outperformed the market in the last year with a return of +59.5%, while the SPY ETF gained +21.6%. In the last 3 month period, CAT beat the market returning +26.7%, while SPY returned +4.6%. However, in the most recent 2 weeks CAT has underperformed the stock market by returning -4.2%, while SPY returned -3.2%.

CAT support price is $350.63 and resistance is $362.63 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CAT stock will trade within this expected range on the day.