Caterpillar stock opened 12% lower, deepening losses after Q3 earnings beat but unchanged guidance. The stock is now down 40% from its June record high.
Sentimentbearish 20
Strongly bearish · 20 of 100
Impact70
medium · sector-wide
Confidence70%
moderate confidence · single wire
Eventdeveloping
v1 · alerted to followers
WHAT WE KNOW
The stock is down 40% from its June record high.
The decline follows Q3 earnings that beat estimates but left guidance unchanged.
Caterpillar stock opened 12% lower on Thursday, extending losses after the company reported Q3 earnings that beat estimates but left full-year guidance unchanged. The stock is now down 40% from its June record high.
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WHY IT MATTERS••••••••••Market transmission and exposed assetsBULL / BEAR CASE•••• / ••••Competing evidence, edited togetherNEWS ON PRICE••.•% reactionConfirmation versus SPY and sectorWHAT TO WATCH•• catalystsThe facts that can change the read
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