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Caterpillar Inc. (CAT) is a world-famous American developer, designer and seller of various mining and construction products, including equipment, natural gas and diesel engines, diesel-electric locomotives and gas turbines. With $89 billion in assets, Caterpillar is a leader in its industry and a member of Fortune 500 list. Traded on the NYSE as CAT, Caterpillar is a Dow Jones, S&P 100 and S&P 500 component. The company also markets and licenses a popular clothing and work-wear boots under its Cat brand.
The last of the Magnificent Seven have reported, delivering mixed results. Meanwhile, according to FactSet, the S&P 500 is set for negative earnings growth for Q4, with estimates for the next quarter also downgraded.
14:43, 2 February 2024
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