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Caterpillar (CAT +1.2%) says its global machinery retail sales fell 9% in April, with a 20% drop...

Caterpillar (CAT +1.2%) says its global machinery retail sales fell 9% in April, with a 20% drop in its Asia/Pacific segment and 18% drop in North America. Latin America was a bright spot in April, rising 28%. The surge in LatAm is encouraging, says Wells Fargo's Andrew Casey, especially when compared to last Aprils 12% increase. But, with demand in the other regions still contracting as heavily as they are, near-term hopes for CAT look dim regardless of how gangbusters the company is doing in South America.
Comments (4)
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Yet CAT is up today...this is being viewed as both a rear view mirror and as a tide that lifts all boats. Having said that, I'd rather any day to own CAT than trash.
    20 May 2013, 12:13 PM Reply Like
  • winningtrader
    , contributor
    Comments (2476) | Send Message
     
    Hey, don't worry just buy stocks. If they come down 0.25%, the Plunge Protection Team will come out of their cave and save you at 3:30 pm.
    20 May 2013, 01:39 PM Reply Like
  • John Cusack's Pancreas
    , contributor
    Comments (31) | Send Message
     
    It only takes a couple weeks of Fed 85billion per month to buy CAT outright with its present market cap. Bullish!
    20 May 2013, 04:30 PM Reply Like
  • Buysider2
    , contributor
    Comments (174) | Send Message
     
    Please keep in mind for future reports that Cat's monthly dealer (retail) machine and engine sales statistics are NOT for the current month, but for the rolling 3-month period. This latest report is not for April, but for February, March, and April, compared with the same period last year.

     

    That fact is stated clearly in the Form 8K that discloses those numbers.
    23 May 2013, 02:15 PM Reply Like
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