Are Earnings Suddenly Mattering?

Judging from CAT’s results, yes.  Despite a $10 billion buyback plan and timely positive guidance, the stock has been beat up pretty badly this past year.  The latest results add insult to injury.The S&P futures are currently off around 24 points in sympathy.  But, at least half of that came before CAT’s results.  So, there’s something else going on besides earnings.continued for members


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