Morgan Stanley Maintains Underweight on Caterpillar, Lowers Price Target to $172
Morgan Stanley maintains Caterpillar (NYSE:CAT) with a Underweight and lowers the price target from $181 to $172.
9 Industrials Stocks With Unusual Options Alerts In Today’s Session
This unusual options alert can help traders discover the next big trading opportunities. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. Unusual trading activity could push option prices to exaggerated or underestimated levels.
Recap: Caterpillar Q2 Earnings
Shares of Caterpillar (NYSE:CAT) moved higher by 0.2% in pre-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share were up 152.43% year over year to $2.60, which beat the estimate of $2.38.
7 Stocks To Watch For July 30, 2021
Some of the stocks that may grab investor focus today are:
Wall Street expects Procter & Gamble Co (NYSE: PG) to report quarterly earnings at $1.09 per share on revenue of $18.36 billion before the opening bell. Procter & Gamble shares rose 0.5% to close at $139.48 on Thursday.
Earnings Scheduled For July 30, 2021
Companies Reporting Before The Bell
• Lexicon Pharmaceuticals (NASDAQ:LXRX) is estimated to report earnings for its second quarter.
Understanding Caterpillar’s Unusual Options Activity
Shares of Caterpillar (NYSE:CAT) saw some unusual options activity on Wednesday. Following the unusual option alert, the stock price moved up to $209.29.
The Dow Jones Industrial Average Turns 125
The Dow turned 125 in May, but it’s hardly in a retiring mood. The oft-cited stock index originated during a time when smokestacks and slaughterhouses dominated the American economy, but today’s Dow very much reflects our digital age. Plus, everyone knows what it is and what it stands for, said Jamie Farmer, chief commercial officer with S&P Dow Jones Indices.
Analyzing Caterpillar’s Unusual Options Activity
On Tuesday, shares of Caterpillar (NYSE:CAT) saw unusual options activity. After the option alert, the stock price moved up to $207.56.