Caterpillar rallies after results beat expectations, buybacks The stock is up 5.7% to $91.14 after the company announced results that beat expectations and announced a new $10 billion share repurchase program. At current price resistance is at the high of the session at $92.30, support is at the low of $90.86. A key technical barrier for the shares is the most recent pivot high at $93.20.
Caterpillar sales trends suggest 'muted' 2015 outlook, says Wells Fargo Wells Fargo says Caterpillar's November retail sales trends were weak with growth trends decelerating from October in all segments. Wells believes weakening demand trends suggest Caterpillar may provide "a muted" outlook for 2015, and the firm stays below consensus with its 2015 expectations. Wells has a Market Perform rating on Caterpillar.