Caterpillar Inc. (CAT) shares are down sharply in pre-market trading after the company reported weaker-than-expected third-quarter results. Sales and revenue missed analysts’ estimates, driven by a decline in equipment sales and lower operating profit. While the company expects some improvement in the fourth quarter, concerns about demand remain, particularly in China.
Caterpillar Inc. (CAT) experienced a significant ‘Power Inflow’ today, indicating a potential bullish trend for the stock. This signal, based on order flow analytics, suggests institutional investors are buying, potentially pushing the stock higher. Traders are closely watching for sustained momentum as a result.
BHP Group Limited is making strides towards its net-zero emission goals by partnering with Caterpillar to trial a groundbreaking energy transfer technology for mining trucks. This collaboration highlights the commitment of both companies to sustainable and efficient mining practices.
Caterpillar Inc. (CAT) showcased its commitment to sustainable mining practices at MINExpo 2024, highlighting technologies like the Cat Dynamic Energy Transfer system and its focus on automation and greenhouse gas reduction. Shares of CAT rose significantly following the announcement.
