Robots Secure Over 2% Profit on Caterpillar (CAT, $205.75) Stock Decline
Stock futures were mixed on Thursday morning as the U.S. House advanced the debt ceiling bill, taking a crucial step to avoid a U.S. default. The bill was then advanced to the Senate just days ahead of the default deadline. Futures on the Dow Jones Industrial Average were close to unchanged, while S&P 500 futures were up 0.13% and Nasdaq 100 futures were flat. Our robots also performed close to zero. However, there were robots that earned over 2.5%. For example, the robot at Swing-Trader-2-5K-per-position-High-Volatility-Stocks-for-Active-Trading-TA-FA. The market was very sluggish, and there were no wide-ranging movements, which limited the potential for significant profits. But as we know, after prolonged consolidations, movements eventually occur.
The month of May saw a significant rally in artificial intelligence-related stocks, but outside of the tech sector, gains were harder to come by. The S&P 500 posted a modest 0.3% increase for the month, while the Dow fell nearly 3.5% due to the underperformance of companies like Nike, Walt Disney, and Chevron.
Investors are now turning their attention to the Federal Reserve's June 13-14 policy meeting as a potential market catalyst. Philadelphia Fed President Patrick Harker indicated that he is leaning towards skipping a rate hike at the upcoming meeting, but he mentioned that the payrolls report released on Friday could influence his decision.
In addition, there is a slew of economic data scheduled for release on Thursday, including weekly jobless claims and the purchasing managers' index.
CAT's Stochastic Oscillator sits in oversold zone for 1 day
Be on the lookout for a price bounce soon.
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CAT advanced for three days, in of 335 cases, the price rose further within the following month. The odds of a continued upward trend are .
CAT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 15, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on CAT as a result. In of 86 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
CAT moved below its 50-day moving average on September 21, 2023 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CAT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 71, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. CAT’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: CAT's P/B Ratio (7.675) is very high in comparison to the industry average of (1.896). P/E Ratio (17.065) is within average values for comparable stocks, (32.214). Projected Growth (PEG Ratio) (1.413) is also within normal values, averaging (1.778). Dividend Yield (0.018) settles around the average of (0.036) among similar stocks. P/S Ratio (2.206) is also within normal values, averaging (108.921).
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a manufacturer of mining equipment, diesel and natural gas engines and industrial gas turbines
Industry TrucksConstructionFarmMachinery
CAT and
Correlation & Price change
A.I.dvisor indicates that over the last year, CAT has been closely correlated with TEX. These tickers have moved in lockstep 73% of the time. This A.I.-generated data suggests there is a high statistical probability that if CAT jumps, then TEX could also see price increases.
| Ticker / NAME | Correlation To CAT | 1D Price Change % | ||
|---|---|---|---|---|
| CAT | 100% | -1.73% | ||
| TEX - CAT | 73% Closely correlated | -0.72% | ||
| PCAR - CAT | 70% Closely correlated | -1.87% | ||
| AGCO - CAT | 70% Closely correlated | -0.79% | ||
| DE - CAT | 68% Closely correlated | -1.24% | ||
| OSK - CAT | 67% Closely correlated | -1.09% | ||
More | ||||