Caterpillar Inc. (CAT, NYSE)

  • Last week CAT topped earnings estimates on rising construction equipment sales.
  • CEO Jim Umpleby said Caterpillar is “proactively managing supply chain risks”. Heading into the spring months CAT posted adjusted profits for the three months ending in March at $2.87 per share, up 48% from the same period last year and well ahead of the Street consensus forecast of $1.94 per share.
  • After a quiet pause in its uptrend CAT poked it’s head out to new highs yesterday. CAT is above 3 moving averages and this breakout could signal the start of a the next leg higher. Our initial stop is below the rising 65 Day Exponential Moving Average (red line).




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