Caterpillar (CAT) Offering Possible 12.99% Return Over the Next 30 Calendar Days

Caterpillar’s most recent trend suggests a bullish bias. One trading opportunity on Caterpillar is a Bull Put Spread using a strike $120.00 short put and a strike $110.00 long put offers a potential 12.99% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $120.00 by expiration. The full premium credit of $1.15 would be kept by the premium seller. The risk of $8.85 would be incurred if the stock dropped below the $110.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Caterpillar is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Caterpillar is bullish.

The RSI indicator is at 76.98 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Caterpillar

Barloworld Limited — Moody’s announces completion of a periodic review of ratings of Barloworld Limited
Mon, 17 Jun 2019 13:30:08 +0000
Dubai, June 17, 2019 — Moody’s Investors Service (“Moody’s”) has completed a periodic review of the ratings of Barloworld Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody’s reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

See what the IHS Markit Score report has to say about Caterpillar Inc.
Sat, 15 Jun 2019 12:00:11 +0000
Caterpillar Inc NYSE:CATView full report here! Summary * Perception of the company’s creditworthiness is neutral * Bearish sentiment is low * Economic output in this company’s sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for CAT with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting CAT. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold CAT had net inflows of $7.15 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers’ Index (PMI) data, output in the Industrialsis falling. The rate of decline is very significant relative to the trend shown over the past year, and is accelerating. The rate of contraction may ease in the coming months, however. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. CAT credit default swap spreads are within the middle of their range for the last three years.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

Wall Street Under Pressure From Faltering Chipmakers, Weak China Industrial Production Data
Fri, 14 Jun 2019 14:04:29 +0000
The story of slowing global growth that Wall Street has been telling itself in recent months added a new chapter Friday in the form of Chinese industrial production data. The news comes as the trade war between the Asian nation and the United States drags on and President Trump has threatened additional tariffs on Chinese goods.

Caterpillar’s May Sales Growth of 6% Hits Year’s Lowest Point
Fri, 14 Jun 2019 13:50:01 +0000
Caterpillar’s (CAT) global machine sales growth rate chart has been in the single digits so far this year, at levels last witnessed in 2017.

Caterpillar’s machine sales in Asia-Pacific down 4% for three months
Thu, 13 Jun 2019 15:45:49 +0000
China accounts for up to 10% of the company’s sales and is critical to its growth prospects as it is one of the world’s largest commodities importers. Despite the drop, machine retail sales globally rose 6% during the period, the world’s largest construction equipment maker said in a regulatory filing. Caterpillar had spooked investors in April when its first-quarter results showed rising costs hitting margins in its construction equipment business and tepid sales in the Asia-Pacific region pointing to subdued growth in China.

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