Caterpillar shares are falling on mixed results. FX is cutting in the bottom line, but that headwind is subsiding. Capital returns and dividend growth is on track for 2023. There is good news and bad news in Caterpillar’s (NYSE: CAT ) Q4 results . Caterpillar shares are falling hard after the impact of FX was revealed to be greater than expected, that’s the bad news. The good news is that business is strong, growth is on the table, cash flow is robust, and capital returns are flowing. While near-term headwinds like valuation may weigh on the price action, this stock should find a bottom soon and might be closer than you expect. Share of Caterpillar broke out to new all-time highs in the first week of 2023, which is a very bullish signal. The previous all-time high near $245 is a very good candidate for strong support to kick in, and the outlook and capital returns are 2 good reasons to believe it will. Caterpillar Falls On Mixed Results Caterpillar, unlike dividend-payers Whirlpool (NYSE: WHR ) and United Parcel Service (NYSE: UPS ), reported mixed results and sent its shares moving lower. The difference is that Caterpillar, unlike the […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
