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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (19438)	6/20/2017 12:19:35 PM
From: richardred	3 Recommendations Recommended By John Pitera mary-ally-smith The Ox Read Replies (1) \| Respond to of 33421

RE- CAT From my general scanning the industry. Inventories by dealers have been kept fairly lean as there was a lot of used equipment on the aftermarket. A lot of that was tied into the oil industry. I'm assuming a lot of that has been purchased at discount freeing up space for inventory re-stocking. A highway bill did pass under the Obama administration. CAT as I remember was also known for it's pipe laying equipment. A lot of pipelines are being laid now. I'm also assuming Europe and the rest of the world need new infrastructure spending. I guess we will see if that so called recent blip in orders is a bottom aberration, or the start of a positive trend. FWIW- Infrastructure Building The $305 billion #highwaybill has been signed. It should be shovel ready. $CAT LAG pic.twitter.com/GGsl2aCuLN — Richard - richardred (@rreding1) April 11, 2016 Temporary Bump in the Road for #infrastructure spending , but no roadblock. https://t.co/UFEzDo5CpE pic.twitter.com/dKp67hw2Uy — Richard - richardred (@rreding1) May 19, 2016 @rreding1 $IR nice earnings. #Infrastructure shovel ready spending beneficiary. pic.twitter.com/pK4cTbpNF0 — Richard - richardred (@rreding1) April 26, 2016

To: John Pitera who wrote (19438)

7/25/2017 8:27:39 AM

From: The Ox

1 Recommendation

Recommended By
John Pitera

Respond to of 33421

Caterpillar +5% after beating Q2 estimates, raising full-year revenue view
Caterpillar (NYSE: CAT) +5.1% premarket, on track to open at a five-year high, after easily beating Q2 earnings expectations, helped by strength in its construction and resources businesses, and raising its profit outlook for the year.CAT says it is raising its FY 2017 guidance because of increased demand across many end markets and disciplined cost control; it now sees FY 2017 EPS of $5.00 vs. $4.32 analyst consensus estimate on revenues of $42B-$44B vs. $40.7B consensus and up from April sales guidance of $38B-$41B.Q2 revenues rose 9.6% Y/Y to $11.33B, primarily due to higher sales volume, with the largest increase in its construction unit mostly due to higher end-user demand for construction equipment.CAT's financial position continued to strengthen, with operating cash flow in its Machinery, Energy & Transportation unit totaling $2B and debt-to-capital ratio improving to 38.6%, vs. 41.7% at the end of Q1.