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Stock Market & Financial Investment News

News Breaks
May 20, 2014
13:43 EDTCATCaterpillar declines sharply, levels to watch
The shares are down 3.5% to $101.73 at time of writing, close to session lows. At current price the stock is very close to its 50-day moving average. That moving average has been the uptrend support line, a close proxy for a hand-drawn uptrend line, since December of last year. A breakdown below the 50-day would therefore be bearish. Support below the 50-day is at $100 and then at $98.94. Resistance is at $103.38.
News For CAT From The Last 14 Days
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February 19, 2015
11:11 EDTCATCaterpillar retail trends remain negative, says Wells Fargo
After Caterpillar reported earlier that its retail sales of machine declined 14% in the three month period ending in January, Wells Fargo noted that the trend worsened from December's 12% drop and that all regions reported declines. The firm believes retail trends remain negative for Caterpillar shares, on which it keeps a Market Perform rating.
09:09 EDTCATCaterpillar reports retail machines sales down 14% in three months end January
Caterpillar reported in a filing that its total retail machines sales were down 14% on a three month rolling basis in January. For reference, retail sales of machines were down 12% in the period ending in December and were down 10% in the period ending in November. The company reported world Resources Industries sales down 27% in the January period, which was down fom the 22% drop in the December end period. Construction Industries world sales were down 10%, worse than the 9% drop in the December period. Total Energy & Transportation Retail Sales were up 22% in the January end period, which was the same growth rate as seen in the December period.
07:20 EDTCATCaterpillar facing multiple federal investigations, WSJ says
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February 18, 2015
06:23 EDTCATCaterpillar discloses grand jury subpoena requesting financial information
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