Category: Uncategorized
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CAT Stock Rises After Earnings: Momentum Builds
Caterpillar Inc. (NYSE: CAT) stock is considered a bellwether because demand for its products is a signal for the broader economy. So, it’s important to understand why CAT stock is up more than 12% after earnings, and why it may just be getting started. The headline numbers for the company’s report were strong. Revenue of $17.64 billion beat expectations for $16.77 billion by a comfortable 5.15%. Earnings per share…
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Nucor Earnings Beat Lifts Shares Despite Price Pressure
Nucor Corp. (NYSE: NUE) delivered strong third-quarter earnings on October 28. NUE stock was up nearly 5.5% in the final hour of trading after the company posted a beat on the top and bottom lines. Even with the company guiding for lower revenue and earnings in the current quarter, investors liked what they heard. Revenue of $8.52 billion beat estimates for…
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Two Best-in-Class Gold Stocks to Buy on the Dip
Has the gold trade lost its luster? After surging to nearly $4,400 an ounce, the spot price of gold has fallen back to around $4,000 an ounce. But is gold simply taking a break or is this the beginning of a longer turn reversal in the yellow metal’s price? And how does that affect the case for gold stocks?…