Caterpillar's (CAT -1.5%) retail sales of machines -13% Y/Y in three months to February vs -12%...

Caterpillar's (CAT -1.5%) retail sales of machines -13% Y/Y in three months to February vs -12% in three months to January, with AsiaPacific -26% in Dec-Feb, North America -12%, EMEA -9%, Latin America +3%. Power Systems sales -7% in February period, as in January period; electric power -8%, industrial -25%, transport +15%, petroleum -8%. (PR)

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Comments (6)
  • chuck lewis
    , contributor
    Comments (436) | Send Message
    Editor, The Lewis Letter
    An opportunity to BUY the best on current weakness. CAT has more than nine lives and will claw back.
    20 Mar 2013, 09:46 AM Reply Like
  • redarrow5150
    , contributor
    Comments (1366) | Send Message
    Why try to catch a falling knife? As I've stated in other threads, China is in a industrial recession which will impact not only CAT but it's competitors. I think margin pressures are going to start showing up in CAT come April.
    20 Mar 2013, 11:49 AM Reply Like
  • dook
    , contributor
    Comments (67) | Send Message
    What bothers me about CAT results and outlook is the implication for the world economy. Is CAT telling us that world growth is seriously in decline? I think the message is clear: the bullishness of investment advisors and brokers is self-serving and not reflective of the real situation.
    20 Mar 2013, 10:03 AM Reply Like
  • SivBum
    , contributor
    Comments (2710) | Send Message
    Another bearish global forecast after FedEx's lower guidance.
    20 Mar 2013, 10:05 AM Reply Like
  • hsamms
    , contributor
    Comment (1) | Send Message
    ... at this point CAT is on a longer term platform. The company is strong with a solid financial base. One year ago, the market ran Caterpillar up to 116.96 - chasing the 140 twelve mth projection made by several analysts. This was a mistake for no one forsaw the redirection coming out of China, as that country re-aligned it's government. Europe continues to be a challenge but will eventually sort itelf out. Within the next 6 - 18 mths CAT will rebound to it's high of a year ago, as China resumes it's infrastructure development, the US housing market continues to improve and Europe levels off.
    20 Mar 2013, 12:48 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3121) | Send Message
    Last time CAT hit the low 80s/high 70s (Jul'12) it was a buy. However, at that time, and dips prior, other major names and sectors were not as overbought as they are here. We are seeing correlation divergences. Either CAT gets bought and everything goes up further (and becomes even more overbought) or those other sectors/names will start to shed some relative weight. Another possibility is that CAT remains a laggard. A similar analysis can be made of Fedex and transports. I suggest a look at a 5-year chart of both.
    20 Mar 2013, 02:22 PM Reply Like
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