에 대한 최신 뉴스 Caterpillar (NYSE:CAT) 주식

Caterpillar

Caterpillar is the top manufacturer of heavy equipment, power solutions, and locomotives. It is currently the world's largest manufacturer of heavy equipment. The company is divided into four reportable segments: construction industries, resource industries, energy and transportation, and Cat Financial. Its products are available through a dealer network that covers the globe with about 2,700 branches maintained by 160 dealers. Cat Financial provides retail financing for machinery and engines to its customers, in addition to wholesale financing for dealers, which increases the likelihood of Caterpillar product sales.

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화요일 오전 (현지 시간 기준) 미국 주식 선물이 상승면서 오늘 투자자의 관심을 끌 수 있는 주식 중 일부는 다음과 같다: 월스트리트는 우버 테크놀로지스(NYSE:UBER)가 개장 전에 105억 7천만 달러의 매출과 주당 31센트의 분기 이익을 보고할 것으로 예상하고 있다. 우버의 주가는 시간외 거래에서 2.6% 상승한 60.00달러를 기록했다.

화요일 주목해야 할 주식: 캐터필러, 우버 및 줌인포 테크놀로지스 그리고 2종목

다우존스 사상 최고치 경신: 블루칩은 22년 만에 기술주 대비 가장 강한 6일 상승세 기록

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S&amp;P 500과 같은 광범위한 주식 시장 지수는 2024년 상반기에 사상 최고치를 기록했다. 다우존스 산업평균지수도 사상 최고치를 경신했지만, 올해 상반기에는 수익률이 더 낮았다. 다우존스 산업평균지수에서 가장 큰 상승세를 보인 종목과 부진 종목을 살펴보겠다.

2024년 상반기 다우존스 산업평균지수의 가장 큰 상승주 5종목, 하락주 5종목

Caterpillar Inc

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CATERPILLAR ORD

Caterpillar, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) shares are trading higher on Wednesday. The company extended its joint venture with Trimble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMB#NASDAQ">TRMB</a>) to enhance the distribution of <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/n41139875/caterpillar-and-trimble-extend-long-standing-joint-venture-to-accelerate-grade-control-innovation-" rel="noreferrer noopener">grade control solutions in construction</a>.
The renewed agreement will broaden industry reach and enhance access to interoperable grade control solutions through a flexible platform for Caterpillar, Trimble, and other technology providers.
This partnership will drive innovation, differentiation, and the development of new offerings while exploring new industry and geographic opportunities.
Rob Painter, president and CEO of Trimble, said, &#8220;Trimble&#8217;s Connect &amp; Scale strategy has created an ecosystem that empowers customers across both the physical and digital worlds. The next phase of our joint venture will drive innovation in grade control technology to expand the industry opportunity with localized and differentiated solutions while improving technology interoperability.&#8221;
&#8220;This partnership underscores a joint commitment to connect the office and the field throughout the design-build-operate lifecycle of construction projects.&#8221;
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40229713/caterpillar-is-holding-the-line-on-earnings-despite-macro-slowdown-analyst-takeaway" rel="noreferrer noopener">Caterpillar Is &#8216;Holding The Line&#8217; On Earnings, Despite Macro Slowdown: Analyst Takeaways From Q2 Results</a>
Tony Fassino, Caterpillar Construction Industries group president, stated, &#8220;Today&#8217;s announcement is a continuation of this collaboration. With a focus on accelerating this leading-edge technology, we are committed to making it easier for customers to acquire and adopt our solutions across Cat and mixed fleets alike.&#8221;
Investors can gain exposure to the stock via&nbsp;Global X Funds Global X Dow 30 Covered Call ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DJIA#NYSE">DJIA</a>) and&nbsp;Global X Funds Global X Dow 30 Covered Call &amp; Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DYLG#NYSE">DYLG</a>).
Price Action: CAT shares are up 0.72% at $395.22 at the last check Wednesday.
Image via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/09/41043945/bhp-tests-caterpillars-new-energy-saving-technology-details" target="_blank" rel="noreferrer noopener">BHP Tests Caterpillar&#8217;s New Energy-Saving Technology: Details</a></li>
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Caterpillar & Trimble Expand Collaboration, Boost Grade Control Solutions

Caterpillar And Trimble Extend Joint Venture To Accelerate Innovation And Expand Distribution Of Grade Control Solutions In Construction Sector

Caterpillar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) has been analyzed by 6 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $358.33, a high estimate of $434.00, and a low estimate of $285.00. Observing a 3.66% increase, the current average has risen from the previous average price target of $345.67. 
<img src="https://www.benzinga.com/files/images/story/2024/1727712034_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Caterpillar. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Feniger</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$434.00</td>
<td>$376.00</td>
</tr>
<tr>
<td>David Raso</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>In-Line</td>
<td>$321.00</td>
<td>$338.00</td>
</tr>
<tr>
<td>Michael Feniger</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$376.00</td>
<td>$385.00</td>
</tr>
<tr>
<td>Adam Seiden</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$335.00</td>
<td>$315.00</td>
</tr>
<tr>
<td>Steven Fisher</td>
<td>UBS</td>
<td>Raises</td>
<td>Sell</td>
<td>$285.00</td>
<td>$270.00</td>
</tr>
<tr>
<td>Jamie Cook</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$399.00</td>
<td>$390.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Caterpillar. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Caterpillar compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Caterpillar's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
To gain a panoramic view of Caterpillar's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/CAT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Caterpillar analyst ratings.</a>
<h2>All You Need to Know About Caterpillar</h2>
Caterpillar is the top manufacturer of heavy equipment, power solutions, and locomotives. It is currently the world's largest manufacturer of heavy equipment. The company is divided into four reportable segments: construction industries, resource industries, energy and transportation, and Cat Financial. Its products are available through a dealer network that covers the globe with about 2,700 branches maintained by 160 dealers. Cat Financial provides retail financing for machinery and engines to its customers, in addition to wholesale financing for dealers, which increases the likelihood of Caterpillar product sales.
<h3>Caterpillar: Financial Performance Dissected</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Negative Revenue Trend: Examining Caterpillar's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately -3.63% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: Caterpillar's net margin excels beyond industry benchmarks, reaching 16.06%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Caterpillar's ROE excels beyond industry benchmarks, reaching 15.42%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Caterpillar's ROA stands out, surpassing industry averages. With an impressive ROA of 3.21%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Caterpillar's debt-to-equity ratio surpasses industry norms, standing at 2.18. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>The Basics of Analyst Ratings</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

What 6 Analyst Ratings Have To Say About Caterpillar

B of A Securities analyst Michael Feniger maintains Caterpillar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) with a Buy and raises the price target from $376 to $434.

Price Target

B of A Securities Maintains Buy on Caterpillar, Raises Price Target to $434

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Industrials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>LUNR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$9.00</td>
<td>$27.6K</td>
<td>4.9K</td>
<td>1.3K</td>
</tr>
<tr>
<td>CAT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$350.00</td>
<td>$28.5K</td>
<td>2.5K</td>
<td>1.0K</td>
</tr>
<tr>
<td>LYFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$12.00</td>
<td>$25.0K</td>
<td>6.3K</td>
<td>905</td>
</tr>
<tr>
<td>UBER</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$90.00</td>
<td>$35.2K</td>
<td>3.8K</td>
<td>676</td>
</tr>
<tr>
<td>JCI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$77.50</td>
<td>$35.1K</td>
<td>44</td>
<td>290</td>
</tr>
<tr>
<td>AYI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$270.00</td>
<td>$179.3K</td>
<td>13</td>
<td>141</td>
</tr>
<tr>
<td>CSX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$35.00</td>
<td>$29.6K</td>
<td>0</td>
<td>109</td>
</tr>
<tr>
<td>VRT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$87.50</td>
<td>$127.5K</td>
<td>27</td>
<td>107</td>
</tr>
<tr>
<td>ADP</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$270.00</td>
<td>$27.0K</td>
<td>83</td>
<td>62</td>
</tr>
<tr>
<td>UAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/27/24</td>
<td>$52.00</td>
<td>$27.2K</td>
<td>942</td>
<td>58</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding LUNR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>), we observe a call option trade with bullish sentiment. It expires in 175 day(s) on March 21, 2025. Parties traded 115 contract(s) at a $9.00 strike. The total cost received by the writing party (or parties) was $27.6K, with a price of $240.0 per contract. There were 4929 open contracts at this strike prior to today, and today 1305 contract(s) were bought and sold. 
• For CAT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>), we notice a put option sweep that happens to be neutral, expiring in 49 day(s) on November 15, 2024. This event was a transfer of 63 contract(s) at a $350.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $28.5K, with a price of $455.0 per contract. There were 2544 open contracts at this strike prior to today, and today 1079 contract(s) were bought and sold. 
• Regarding LYFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>), we observe a call option sweep with bearish sentiment. It expires in 21 day(s) on October 18, 2024. Parties traded 200 contract(s) at a $12.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $25.0K, with a price of $125.0 per contract. There were 6372 open contracts at this strike prior to today, and today 905 contract(s) were bought and sold. 
• For UBER (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), we notice a call option sweep that happens to be bullish, expiring in 49 day(s) on November 15, 2024. This event was a transfer of 400 contract(s) at a $90.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $35.2K, with a price of $88.0 per contract. There were 3861 open contracts at this strike prior to today, and today 676 contract(s) were bought and sold. 
• Regarding JCI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>), we observe a put option trade with bearish sentiment. It expires in 49 day(s) on November 15, 2024. Parties traded 130 contract(s) at a $77.50 strike. The total cost received by the writing party (or parties) was $35.1K, with a price of $270.0 per contract. There were 44 open contracts at this strike prior to today, and today 290 contract(s) were bought and sold. 
• For AYI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AYI#NYSE">AYI</a>), we notice a put option sweep that happens to be bearish, expiring in 21 day(s) on October 18, 2024. This event was a transfer of 139 contract(s) at a $270.00 strike. This particular put needed to be split into 30 different trades to become filled. The total cost received by the writing party (or parties) was $179.3K, with a price of $1290.0 per contract. There were 13 open contracts at this strike prior to today, and today 141 contract(s) were bought and sold. 
• Regarding CSX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSX#NASDAQ">CSX</a>), we observe a put option sweep with bullish sentiment. It expires in 357 day(s) on September 19, 2025. Parties traded 106 contract(s) at a $35.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $29.6K, with a price of $280.0 per contract. There were 0 open contracts at this strike prior to today, and today 109 contract(s) were bought and sold. 
• For VRT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>), we notice a put option sweep that happens to be bullish, expiring in 294 day(s) on July 18, 2025. This event was a transfer of 102 contract(s) at a $87.50 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $127.5K, with a price of $1250.0 per contract. There were 27 open contracts at this strike prior to today, and today 107 contract(s) were bought and sold. 
• Regarding ADP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADP#NASDAQ">ADP</a>), we observe a put option trade with bullish sentiment. It expires in 266 day(s) on June 20, 2025. Parties traded 18 contract(s) at a $270.00 strike. The total cost received by the writing party (or parties) was $27.0K, with a price of $1500.0 per contract. There were 83 open contracts at this strike prior to today, and today 62 contract(s) were bought and sold. 
• For UAL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>), we notice a call option sweep that happens to be neutral, is expiring today. Parties traded 40 contract(s) at a $52.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $27.2K, with a price of $680.0 per contract. There were 942 open contracts at this strike prior to today, and today 58 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

LUNR

LYFT

10 Industrials Stocks With Whale Alerts In Today's Session

Caterpillar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) has outperformed the market over the past 15 years by 2.75% on an annualized basis producing an average annual return of 14.9%. Currently, Caterpillar has a market capitalization of $191.73 billion. 
Buying $1000 In CAT: If an investor had bought $1000 of CAT stock 15 years ago, it would be worth $7,929.63 today based on a price of $392.05 for CAT at the time of writing.
<h3>Caterpillar's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727379046_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 15 Years Ago Would Be Worth $7,900 Today

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Industrials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>UPS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$85.00</td>
<td>$48.8K</td>
<td>1</td>
<td style="text-align: right;">904</td>
</tr>
<tr>
<td>DAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$52.50</td>
<td>$44.0K</td>
<td>1.5K</td>
<td style="text-align: right;">427</td>
</tr>
<tr>
<td>LUNR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$6.00</td>
<td>$56.8K</td>
<td>2.9K</td>
<td style="text-align: right;">225</td>
</tr>
<tr>
<td>LUV</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$30.00</td>
<td>$25.7K</td>
<td>1.7K</td>
<td style="text-align: right;">221</td>
</tr>
<tr>
<td>UBER</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$62.50</td>
<td>$273.5K</td>
<td>1.4K</td>
<td style="text-align: right;">170</td>
</tr>
<tr>
<td>SBLK</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$20.00</td>
<td>$40.0K</td>
<td>1.2K</td>
<td style="text-align: right;">104</td>
</tr>
<tr>
<td>LASE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$15.00</td>
<td>$27.2K</td>
<td>0</td>
<td style="text-align: right;">68</td>
</tr>
<tr>
<td>EMR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$105.00</td>
<td>$31.9K</td>
<td>21</td>
<td style="text-align: right;">59</td>
</tr>
<tr>
<td>CAT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$360.00</td>
<td>$34.5K</td>
<td>11</td>
<td style="text-align: right;">9</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For UPS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>), we notice a call option sweep that happens to be bearish, expiring in 176 day(s) on March 21, 2025. This event was a transfer of 10 contract(s) at a $85.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $48.8K, with a price of $4880.0 per contract. There were 1 open contracts at this strike prior to today, and today 904 contract(s) were bought and sold. 
• For DAL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), we notice a call option sweep that happens to be bullish, expiring in 50 day(s) on November 15, 2024. This event was a transfer of 182 contract(s) at a $52.50 strike. This particular call needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $44.0K, with a price of $242.0 per contract. There were 1544 open contracts at this strike prior to today, and today 427 contract(s) were bought and sold. 
• Regarding LUNR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>), we observe a call option sweep with bullish sentiment. It expires in 113 day(s) on January 17, 2025. Parties traded 200 contract(s) at a $6.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $56.8K, with a price of $285.0 per contract. There were 2905 open contracts at this strike prior to today, and today 225 contract(s) were bought and sold. 
• For LUV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>), we notice a call option trade that happens to be bullish, expiring in 477 day(s) on January 16, 2026. This event was a transfer of 50 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $25.7K, with a price of $515.0 per contract. There were 1795 open contracts at this strike prior to today, and today 221 contract(s) were bought and sold. 
• Regarding UBER (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), we observe a call option sweep with bullish sentiment. It expires in 113 day(s) on January 17, 2025. Parties traded 170 contract(s) at a $62.50 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $273.5K, with a price of $1609.0 per contract. There were 1466 open contracts at this strike prior to today, and today 170 contract(s) were bought and sold. 
• For SBLK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBLK#NASDAQ">SBLK</a>), we notice a call option sweep that happens to be bullish, expiring in 113 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $20.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $40.0K, with a price of $400.0 per contract. There were 1236 open contracts at this strike prior to today, and today 104 contract(s) were bought and sold. 
• Regarding LASE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LASE#NASDAQ">LASE</a>), we observe a call option sweep with bullish sentiment. It expires in 203 day(s) on April 17, 2025. Parties traded 68 contract(s) at a $15.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $27.2K, with a price of $400.0 per contract. There were 0 open contracts at this strike prior to today, and today 68 contract(s) were bought and sold. 
• Regarding EMR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMR#NYSE">EMR</a>), we observe a put option sweep with bearish sentiment. It expires in 176 day(s) on March 21, 2025. Parties traded 58 contract(s) at a $105.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $31.9K, with a price of $550.0 per contract. There were 21 open contracts at this strike prior to today, and today 59 contract(s) were bought and sold. 
• Regarding CAT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>), we observe a call option trade with bullish sentiment. It expires in 841 day(s) on January 15, 2027. Parties traded 4 contract(s) at a $360.00 strike. The total cost received by the writing party (or parties) was $34.5K, with a price of $8632.0 per contract. There were 11 open contracts at this strike prior to today, and today 9 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

LASE

SBLK

9 Industrials Stocks With Whale Alerts In Today's Session

<a href="https://www.barrons.com/articles/buy-caterpillar-stock-price-pick-ad9c1489">https://www.barrons.com/articles/buy-caterpillar-stock-price-pick-ad9c1489</a>
&nbsp;
&nbsp;

'Caterpillar Stock Is Digging Out of the Mining Malaise. Why It's Time to Buy.' - Barron's

BHP Group Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>) shares are trading higher on premarket Thursday. The company reported that it is the first customer to test Caterpillar, Inc&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) technology, which is aimed at improving the energy efficiency <a target="_blank" href="https://www.bhp.com/news/media-centre/releases/2024/09/bhp-first-customer-to-announce-plans-to-trial-innovative-energy-transfer-technology-from-caterpillar" rel="noreferrer noopener">and </a>sustainability of large mining trucks.
The trial will take place at BHP sites, supporting the company&#8217;s efforts to enhance operational efficiency in its mining operations.
Earlier this week, Caterpillar launched its Cat Dynamic Energy Transfer (DET) solution at MINExpo, showcasing technology capable of transferring energy to both diesel-electric and battery-electric mining trucks while in operation.
The DET system can charge electric haul truck batteries as the trucks move, offering flexibility by being easier to relocate than traditional fixed overhead trolleys used for similar purposes.
In 2021, BHP announced a collaboration with Caterpillar to deploy zero-exhaust emissions mining trucks at BHP&#8217;s sites as part of its commitment to reducing operational greenhouse gas (GHG) emissions.
This partnership has provided valuable hands-on learning opportunities to ensure the successful deployment of these technologies at BHP locations.
Through the collaboration, both companies have worked together to shape the necessary processes, technology, and infrastructure to support the integration of diesel-electric and battery-electric mining trucks, paving the way for more sustainable mine sites in the future.
BHP&#8217;s Chief Commercial Officer, Ragnar Udd, said, &#8220;Innovation and technology will play a crucial role as we work towards BHP&#8217;s goal of net zero operational emissions by 2050, and we are determined to keep building Partnerships like this to achieve this objective.&#8221;
Denise Johnson, Caterpillar Group President, stated, &#8220;BHP has been part of our Early Learner program from the beginning, providing valuable feedback. We look forward to continuing that collaboration as we work together to trial the Cat DET system on both diesel electric and battery electric trucks at BHP&#8217;s sites.&#8221;
&#8220;This is an important next step to validate the crucial energy management solutions needed to support not only BHP and Caterpillar, but also the broader mining industry.&#8221;
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/08/40649361/south-australia-begins-review-of-bhps-major-copper-expansion" rel="noreferrer noopener">South Australia Begins Review Of BHP&#8217;s Major Copper Expansion</a>
Investors can gain exposure to the stock through the&nbsp;Exchange Traded Concepts Trust Optica Rare Earths &amp; Critical Materials ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRIT#NYSE">CRIT</a>) and Exchange Traded Concepts Trust Range Global Coal Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COAL#NYSE">COAL</a>).
Price Action: BHP shares are up 4.30% at $60.21 premarket at the last check Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/24/09/40959939/copper-m-a-frenzy-masks-greenfield-exploration-weakness-is-ai-to-blame" target="_blank" rel="noreferrer noopener">Copper M&amp;A Frenzy Masks Greenfield Exploration Weakness: Is AI To Blame?</a></li>
</ul>

Movers

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Exchange Traded Concepts Trust Optica Rare Earths & Critical Materials ETF

CRIT

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BHP Tests Caterpillar's New Energy-Saving Technology: Details

As of Sept. 25, 2024, five stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Nuscale Power Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>)</h3>
<ul>
<li>On Sept. 13, CLSA initiated coverage on the stock with an Outperform rating and announced an $11 price target. The company's stock gained around 32% over the past five days and has a <a href="https://www.benzinga.com/quote/SMR">52-week high of $16.91</a>.</li>
<li>RSI Value: 72.59&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>SMR Price Action: Shares of Nuscale Power gained 9.7% to close at $11.95 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">Babcock &amp; Wilcox Enterprises Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BW#NYSE">BW</a>)</h3>
<ul>
<li>On Sept. 5, Babcock &amp; Wilcox secured a contract for waste-to-energy plant in Alberta, focusing on carbon capture. The company's stock gained around 27% over the past five days and <a href="https://www.benzinga.com/quote/BW">has a 52-week high</a> of $4.56.</li>
<li>RSI Value: 77.56</li>
<li>BW Price Action: Shares of Babcock &amp; Wilcox Enterprises rose 8% to close at $1.63 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">LYFT Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>)</h3>
<ul>
<li>On Sept. 24, Raymond James analyst Josh Beck reinstated Lyft with a Market Perform rating. The company's stock gained around 13% over the past month and has a <a href="https://www.benzinga.com/quote/LYFT">52-week high</a> of $20.82.</li>
<li>RSI Value: 71.57</li>
<li>LYFT Price Action: Shares of LYFT rose 4.8% to close at $13.33 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">ZIM Integrated Shipping Services Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>)</h3>
<ul>
<li>On Aug. 19, ZIM Integrated Shipping Services reported better-than-expected second-quarter financial results and raised its FY24 guidance. The company's stock jumped around 22% over the past five days and has a 52-week high is $23.88.</li>
<li>RSI Value: 74.31</li>
<li>ZIM Price Action: Shares of ZIM Integrated gained 6% to close at $23.66 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">Caterpillar Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>)</h3>
<ul>
<li>On Sept. 24, Caterpillar moved higher following the company's announcement regarding its exhibit at the MINExpo 2024. Jim Umpleby, Chairman and CEO of Caterpillar, talked about the importance of their latest exhibit, which highlights the Cat Dynamic Energy Transfer system, the 798 AC mining truck, R1700 XE load-haul-dump loader, the Cat R1700 XE load-haul-dump, the Cat R2900 XE LHD and the PGS 1260 HD Energy Storage System.. The company's stock jumped around 9% over the past five days and<a href="https://www.benzinga.com/quote/CAT"> has a 52-week high</a> of $389.43.</li>
<li>RSI Value: 78.92</li>
<li>CAT Price Action: Shares of Caterpillar climbed 4% to close at $385.93 on Tuesday.</li>
</ul>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41003853/wall-streets-most-accurate-analysts-views-on-3-tech-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts&#8217; Views On 3 Tech Stocks Delivering High-Dividend Yields</a></li>
</ul>

Short Ideas

Pre-Market Outlook

Top 5 Industrials Stocks That May Collapse In Q3

Caterpillar Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) is trading higher Tuesday following the company&#8217;s announcement regarding its exhibit at the MINExpo 2024. Here&#8217;s <a href="https://www.benzinga.com/insights/options/24/09/41004823/spotlight-on-caterpillar-analyzing-the-surge-in-options-activity">what you need to know.</a>
What To Know: Jim Umpleby, Chairman and CEO of Caterpillar, talked about the importance of their latest exhibit, which highlights the Cat Dynamic Energy Transfer system, the 798 AC mining truck, R1700 XE load-haul-dump loader, the Cat R1700 XE load-haul-dump, the Cat R2900 XE LHD and the PGS 1260 HD Energy Storage System.
Expo attendees can engage with Caterpillar's product lines with the available virtual reality experiences and the 3D-printed parts.
<h3 class="wp-block-heading">Recap of the Announcement</h3>
<ul>
<li>MINExpo 2024: Caterpillar showcased its latest technologies and solutions aimed at helping mining customers transition toward cleaner, more efficient operations.</li>
<li>Leadership in Energy Transition: Caterpillar&#8217;s focus on greenhouse gas reduction technologies and its expertise in autonomy and automation were prominent features of the exhibit.</li>
<li>Global Presence: Caterpillar emphasized its global expertise and extensive dealer network.</li>
</ul>
CAT Price Action: Caterpillar shares were up by 3.77% at $385.16 according to<a href="https://pro.benzinga.com/dashboard"> Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://benzinga.slack.com/archives/D072651PB4K/p1722883001180099"><img loading="lazy" decoding="async" width="1024" height="562" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24110820/CAT-1024x562.png" alt="" class="wp-image-563520" style="width:564px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24110820/CAT-1024x562.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24110820/CAT-300x165.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24110820/CAT-768x422.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24110820/CAT.png 1087w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
See Also:
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41007125/caitlin-long-says-progressives-are-actually-big-bank-corporatists-as-republican-lawmakers-">Caitlin Long Says &#8216;Progressives Are Actually Big-Bank Corporatists&#8217; As Republican Lawmakers Urge SEC To Repeal Crypto Accounting Rule</a></li>
</ul>
Image Via Shutterstock.

Why Caterpillar Shares Are Moving Higher Today

WIIM

Caterpillar shares are trading higher after the company announced it has exhibit at the MINExpo 2024.

Deep-pocketed investors have adopted a bullish approach towards Caterpillar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CAT usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Caterpillar. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 44% leaning bullish and 33% bearish. Among these notable options, 3 are puts, totaling $188,985, and 6 are calls, amounting to $225,314.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $350.0 and $420.0 for Caterpillar, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Caterpillar's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Caterpillar's whale activity within a strike price range from $350.0 to $420.0 in the last 30 days. 
<h3>Caterpillar 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727185557_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CAT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$5.05</td>
<td>$5.0</td>
<td>$5.0</td>
<td>$350.00</td>
<td>$103.0K</td>
<td>2.0K</td>
<td>255</td>
</tr>
<tr>
<td>CAT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/04/24</td>
<td>$27.05</td>
<td>$25.6</td>
<td>$27.05</td>
<td>$360.00</td>
<td>$67.6K</td>
<td>171</td>
<td>38</td>
</tr>
<tr>
<td>CAT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$21.7</td>
<td>$19.6</td>
<td>$20.77</td>
<td>$390.00</td>
<td>$51.9K</td>
<td>3</td>
<td>48</td>
</tr>
<tr>
<td>CAT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$4.4</td>
<td>$4.35</td>
<td>$4.35</td>
<td>$400.00</td>
<td>$43.4K</td>
<td>3.5K</td>
<td>1.6K</td>
</tr>
<tr>
<td>CAT</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$3.55</td>
<td>$3.25</td>
<td>$3.4</td>
<td>$370.00</td>
<td>$34.0K</td>
<td>348</td>
<td>105</td>
</tr>
</tbody>
</table>

<h3>About Caterpillar</h3>
Caterpillar is the top manufacturer of heavy equipment, power solutions, and locomotives. It is currently the world's largest manufacturer of heavy equipment. The company is divided into four reportable segments: construction industries, resource industries, energy and transportation, and Cat Financial. Its products are available through a dealer network that covers the globe with about 2,700 branches maintained by 160 dealers. Cat Financial provides retail financing for machinery and engines to its customers, in addition to wholesale financing for dealers, which increases the likelihood of Caterpillar product sales.
In light of the recent options history for Caterpillar, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Where Is Caterpillar Standing Right Now?</h3>
<ul>
<li>With a trading volume of 143,745, the price of CAT is up by 3.06%, reaching $382.51.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 35 days from now.</li>
</ul>
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Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Caterpillar, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Spotlight on Caterpillar: Analyzing the Surge in Options Activity

Events

Caterpillar Unveils Latest Technologies, Services and Customized Solutions For Mining Customers At MINExpo 2024

Deep-pocketed investors have adopted a bullish approach towards Caterpillar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CAT usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 22 extraordinary options activities for Caterpillar. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 45% leaning bullish and 36% bearish. Among these notable options, 14 are puts, totaling $1,288,875, and 8 are calls, amounting to $389,403.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $310.0 and $450.0 for Caterpillar, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Caterpillar options trades today is 723.82 with a total volume of 11,962.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Caterpillar's big money trades within a strike price range of $310.0 to $450.0 over the last 30 days.
<h3>Caterpillar Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726865250_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CAT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$9.15</td>
<td>$9.0</td>
<td>$9.07</td>
<td>$350.00</td>
<td>$546.3K</td>
<td>1.2K</td>
<td>634</td>
</tr>
<tr>
<td>CAT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$5.65</td>
<td>$5.3</td>
<td>$5.65</td>
<td>$450.00</td>
<td>$141.2K</td>
<td>136</td>
<td>250</td>
</tr>
<tr>
<td>CAT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/01/24</td>
<td>$7.55</td>
<td>$6.85</td>
<td>$6.85</td>
<td>$350.00</td>
<td>$123.3K</td>
<td>27</td>
<td>200</td>
</tr>
<tr>
<td>CAT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$9.05</td>
<td>$8.95</td>
<td>$9.02</td>
<td>$350.00</td>
<td>$95.5K</td>
<td>1.2K</td>
<td>1.3K</td>
</tr>
<tr>
<td>CAT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$8.8</td>
<td>$8.75</td>
<td>$8.79</td>
<td>$350.00</td>
<td>$89.7K</td>
<td>1.2K</td>
<td>1.5K</td>
</tr>
</tbody>
</table>

<h3>About Caterpillar</h3>
Caterpillar is the top manufacturer of heavy equipment, power solutions, and locomotives. It is currently the world's largest manufacturer of heavy equipment. The company is divided into four reportable segments: construction industries, resource industries, energy and transportation, and Cat Financial. Its products are available through a dealer network that covers the globe with about 2,700 branches maintained by 160 dealers. Cat Financial provides retail financing for machinery and engines to its customers, in addition to wholesale financing for dealers, which increases the likelihood of Caterpillar product sales.
Following our analysis of the options activities associated with Caterpillar, we pivot to a closer look at the company's own performance.
<h3>Current Position of Caterpillar</h3>
<ul>
<li>With a volume of 5,177,212, the price of CAT is down -1.13% at $369.1. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 39 days.</li>
</ul>
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What the Options Market Tells Us About Caterpillar

Rio Tinto (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rio#NYSE">RIO</a>) announced that it would invest in Pongamia seed farms in Australia to explore the possibility of using its seed oil as a feedstock for renewable diesel. RIO sees biofuels as an avenue to reduce the dependence on fossil diesel, which accounts for around 10% of its emissions footprint in Australia.
To achieve net-zero Scope 1 and 2 carbon emissions by 2050, Rio Tinto has chosen electrification as the long-term solution for replacing the use of diesel in its fleet. While electrification is in progress, the company is looking at other quicker options to lower diesel-sourced emissions, such as biofuels.
Australia does not yet have a biofuel feedstock industry capable of meeting domestic demand. Rio Tinto expects that the pilot will play an important role in addressing this gap while supporting its journey to achieve decarbonization goals.
<h2>Rio Tinto Joins Forces With Midway for Pongamia Farm Trial</h2>
Pongamia is a fast-growing tree that is native to northern Australia. It produces large numbers of seeds, which are rich in oil and protein. The seeds can be processed into renewable diesel, which offers a significant reduction in carbon emissions compared with fossil fuel diesel.
After the extraction of oil, the seed pod and meal can be processed for other uses such as cattle feed. Pongamia has other benefits, it is drought tolerant, salinity and flood resistant, with low water, fertilization and pest control requirements making it easy to grow.
Rio Tinto is in the final stages of acquiring approximately 3,000 hectares of cleared land near Townsville in north Queensland to establish farms to study growth conditions and measure seed oil yields.
RIO has partnered with Midway Limited to oversee the planting and management of the seed farms. The companies will plant approximately 750,000 Pongamia saplings.
<h2>Rio Tinto&#39;s Decarbonization Efforts</h2>
In 2023, Rio Tinto&#39;s Scope 1 and 2 emissions were 32.6Mt CO2e, which marked a reduction of 5.5% from its 2018 baseline. It plans to invest capital in the range of $5- $6 billion by 2030 to deliver on its decarbonization strategy.
In July, RIO announced that it is set to install carbon-free aluminum smelting cells at its Arvida smelter in Qu&eacute;bec, Canada, utilizing the first technology license issued by the ELYSIS joint venture. The groundbreaking ELYSIS technology aims to eliminate all direct greenhouse gases from the conventional aluminum smelting process by producing oxygen as a byproduct while improving efficiency by producing more aluminum at lower costs.
In May 2024, Rio Tinto and BHP Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bhp#NYSE">BHP</a>) teamed up to trial large battery-powered haul trucks manufactured by Caterpillar (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cat#NYSE">CAT</a>) and Komatsu (OTC: <a class="ticker" href="https://www.benzinga.com/stock/kmtuy#OTC">KMTUY</a>) in the Pilbara region of Western Australia. The trials will kick off with two Cat 793 haul trucks in 2024, followed by two Komatsu 930 haul trucks in 2026.
BHP will trial the Caterpillar trucks while Rio Tinto will test the Komatsu trucks. This collaboration between two leading global miners with two of the world&#39;s largest haul truck manufacturers seeks to address the critical challenge of achieving zero-emissions haulage in the mining sector.
Even though electrification is the most efficient and cost-effective solution to reduce the use of fossil diesel in mining fleet and equipment, Rio Tinto does not expect mass deployment of battery electric haul trucks at its operations to be technically or commercially feasible before 2030.
In the meantime, Rio Tinto intends to explore other avenues like biofuels to reduce diesel-sourced emissions. In June 2023, its Boron operation in California fully transitioned its heavy machinery from fossil diesel to renewable diesel. It is the first open pit mine in the world to achieve this feat.&nbsp; The company expects to replicate this at its Kennecott copper operation in Utah this year. It is also investigating the usage of biofuels in scenarios where electrification may be challenging to implement.
<h2>RIO&#39;s Price Performance &amp; Zacks Rank</h2>
In a year, shares of Rio Tinto have gained 2.2% against the industry&#39;s 2.8% decline.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/b0/78685.jpg?v=1692237515" />
Image Source: Zacks Investment Research
Rio Tinto currently has a Zacks Rank #3 (Hold).
<a href="https://www.zacks.com/stock/news/2339414/rio-to-test-biofuel-crop-for-renewable-diesel-production-in-australia?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2339414">To read this article on Zacks.com click here.</a>

KMTUY

RIO to Test Biofuel Crop for Renewable Diesel Production in Australia

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Shares of companies in the broader industrial space are trading higher following the Fed's announcement to cut rates by 50 basis points yesterday, which could support investment and economic growth.

Bulls are stampeding across Wall Street on Thursday in the wake of the Federal Reserve&#8217;s decision to cut interest rates for the first time<a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40926026/federal-reserve-delivers-bold-0-5-rate-cut-signals-further-easing-ahead"> in over four years</a>.
The central bank&#8217;s bold move, a 50-basis-point cut, caught analysts off guard and sent the U.S. stock market to fresh record highs at the opening of Thursday&#8217;s session.
The S&amp;P 500 soared to a new all-time high, reaching 5,700 points. Similarly, the Dow Jones Industrial Average climbed to an unprecedented 42,000 points.
In the first 30 minutes of trading, the S&amp;P 500 and Dow Jones rose by 1.4% and 1%, respectively. The Nasdaq 100 climbed 1.5%, although the Russell 2000, representing small-cap stocks, outperformed with a surge of over 2%.
The market rally was primarily driven by the Magnificent Seven: Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>), Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Amazon Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>). Each of the Magnificent Seven are recording daily gains ranging from 1.5% to 4.5%, solidly in positive territory.
<h3 class="wp-block-heading">Chart: S&amp;P 500 Hits Record Highs</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="447" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19100943/image-155-1024x447.png" alt="" class="wp-image-556397" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19100943/image-155-1024x447.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19100943/image-155-300x131.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19100943/image-155-768x336.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19100943/image-155-1536x671.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19100943/image-155.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Image: <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091924&amp;t=be2bearmibe3na1">Benzinga Pro</a></figcaption></figure>
<h3 class="wp-block-heading">Strong Labor Market Eases Slowdown Fears, Analysts Boost Rate-Cut Wagers</h3>
Thursday&#8217;s economic data further boosted investor confidence. Weekly jobless claims came in well below expectations, suggesting a lower-than-expected trend of rising unemployment. 
Continuing jobless claims also dropped more than expected, hinting at a potential absorption of long-term unemployed individuals into the job market. 
This data alleviated concerns about rising unemployment and provided a more optimistic outlook for the economy.
Wall Street analysts quickly adjusted their expectations following the Federal Reserve&#8217;s rate cut. There is now growing anticipation of additional rate cuts, diverging from the cautious tone expressed in the Fed&#8217;s September &#8220;dot plot&#8221; and Chair Jerome Powell&#8216;s remarks during the press conference.
Notably, Goldman Sachs economist Jan Hatzius revised his forecast from expecting a 25-basis-point cut at every other meeting to predicting a rate cut at every meeting. He even left the door open for a back-to-back 50-basis-point reduction in November.
<h3 class="wp-block-heading">Thursday&#8217;s 5 Top-Performing S&amp;P 500 Stocks</h3>
Among the S&amp;P 500, the top five performers as of 10 a.m. ET were:
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>1-day Return</td>
</tr>
<tr>
<td>Darden Restaurants, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NASDAQ">DRI</a>) </td>
<td>7.46</td>
</tr>
<tr>
<td>Airbnb, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>)</td>
<td>5.27</td>
</tr>
<tr>
<td>Cadence Design Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>)</td>
<td>4.40</td>
</tr>
<tr>
<td>Lam Research Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCRX#NASDAQ">LCRX</a>)</td>
<td>4.34</td>
</tr>
<tr>
<td>NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</td>
<td>4.33</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">Thursday&#8217;s 5 Top-Performing Dow Jones Industrial Average Stocks</h3>
Among the Dow Jone, the top five performers were:
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>1-day Return</td>
</tr>
<tr>
<td>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)</td>
<td>3.02</td>
</tr>
<tr>
<td>Salesforce, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NASDAQ">CRM</a>)</td>
<td>3.01</td>
</tr>
<tr>
<td>The Goldman Sachs Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>)</td>
<td>2.80</td>
</tr>
<tr>
<td>Caterpillar Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>)</td>
<td>2.71</td>
</tr>
<tr>
<td>American Express Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>)</td>
<td>2.67</td>
</tr>
</tbody>
</table>
</figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40938732/wall-street-ramps-up-interest-rate-cut-bets-after-fed-meeting-the-hard-landing-crow">Wall Street Ramps Up Interest Rate Cut Bets After Fed Meeting: &#8216;The Hard-Landing Crowd Should Disperse,&#8217; Economist Says</a></li>
</ul>
Photo via Shutterstock.

Analyst Color

Macro Economic Events

Broad U.S. Equity ETFs

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Econ #s

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S&P 500, Dow Jones Hit Record Highs: Magnificent 7 Add $400 Billion After Fed's Historic Interest Rate Cut

Deep-pocketed investors have adopted a bearish approach towards Caterpillar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CAT usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for Caterpillar. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 20% leaning bullish and 70% bearish. Among these notable options, 2 are puts, totaling $61,620, and 8 are calls, amounting to $408,314.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $300.0 to $360.0 for Caterpillar during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
In today's trading context, the average open interest for options of Caterpillar stands at 936.38, with a total volume reaching 677.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Caterpillar, situated within the strike price corridor from $300.0 to $360.0, throughout the last 30 days.
<h3>Caterpillar Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726669024_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CAT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$14.7</td>
<td>$13.35</td>
<td>$14.4</td>
<td>$340.00</td>
<td>$105.3K</td>
<td>1.9K</td>
<td style="text-align: right;">180</td>
</tr>
<tr>
<td>CAT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$7.9</td>
<td>$7.5</td>
<td>$7.65</td>
<td>$360.00</td>
<td>$62.4K</td>
<td>1.0K</td>
<td style="text-align: right;">143</td>
</tr>
<tr>
<td>CAT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/04/24</td>
<td>$11.45</td>
<td>$11.2</td>
<td>$11.45</td>
<td>$350.00</td>
<td>$46.9K</td>
<td>143</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>CAT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$21.45</td>
<td>$20.8</td>
<td>$20.8</td>
<td>$340.00</td>
<td>$45.7K</td>
<td>633</td>
<td style="text-align: right;">42</td>
</tr>
<tr>
<td>CAT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$62.15</td>
<td>$60.0</td>
<td>$61.2</td>
<td>$300.00</td>
<td>$42.8K</td>
<td>1.8K</td>
<td style="text-align: right;">1</td>
</tr>
</tbody>
</table>

<h3>About Caterpillar</h3>
Caterpillar is the top manufacturer of heavy equipment, power solutions, and locomotives. It is currently the world's largest manufacturer of heavy equipment. The company is divided into four reportable segments: construction industries, resource industries, energy and transportation, and Cat Financial. Its products are available through a dealer network that covers the globe with about 2,700 branches maintained by 160 dealers. Cat Financial provides retail financing for machinery and engines to its customers, in addition to wholesale financing for dealers, which increases the likelihood of Caterpillar product sales.
Having examined the options trading patterns of Caterpillar, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Current Position of Caterpillar</h3>
<ul>
<li>With a volume of 156,645, the price of CAT is down -0.29% at $352.68. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 41 days.</li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Caterpillar, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Looking for broad exposure to the Industrials - Broad segment of the equity market? You should consider the Fidelity MSCI Industrials Index ETF (ARCA:FIDU), a passively managed exchange traded fund launched on 10/21/2013.
Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency. They are excellent vehicles for long term investors.
Sector ETFs are also funds of convenience, offering many ways to gain low risk and diversified exposure to a broad group of companies in particular sectors. Industrials - Broad is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 13, placing it in bottom 19%.
<h2>Index Details</h2>
The fund is sponsored by Fidelity. It has amassed assets over $1.12 billion, making it one of the average sized ETFs attempting to match the performance of the Industrials - Broad segment of the equity market. FIDU seeks to match the performance of the MSCI USA IMI Industrials Index before fees and expenses.
The MSCI USA IMI Industrials Index represents the performance of the industrial sector in the U.S. equity market.
<h2>Costs</h2>
When considering an ETF&#39;s total return, expense ratios are an important factor, and cheaper funds can significantly outperform their more expensive counterparts in the long term if all other factors remain equal.
Annual operating expenses for this ETF are 0.08%, making it one of the least expensive products in the space.
It has a 12-month trailing dividend yield of 1.25%.
<h2>Sector Exposure and Top Holdings</h2>
It is important to delve into an ETF&#39;s holdings before investing despite the many upsides to these kinds of funds like diversified exposure, which minimizes single stock risk. And, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation in the Industrials sector--about 100% of the portfolio.
Looking at individual holdings, General Electric Co&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ge#NYSE">GE</a>) accounts for about 3.64% of total assets, followed by Caterpillar Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cat#NYSE">CAT</a>) and Rtx Corp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rtx#NYSE">RTX</a>).
The top 10 holdings account for about 27.06% of total assets under management.
<h2>Performance and Risk</h2>
So far this year, FIDU has gained about 14.28%, and is up about 26.57% in the last one year (as of 09/16/2024). During this past 52-week period, the fund has traded between $51.08 and $70.26.
The ETF has a beta of 1.10 and standard deviation of 18.10% for the trailing three-year period, making it a medium risk choice in the space. With about 371 holdings, it effectively diversifies company-specific risk.
<h2>Alternatives</h2>
Fidelity MSCI Industrials Index ETF holds a Zacks ETF Rank of 2 (Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, FIDU is a great option for investors seeking exposure to the Industrials ETFs segment of the market. There are other additional ETFs in the space that investors could consider as well.
Vanguard Industrials ETF (ARCA:VIS) tracks MSCI US Investable Market Industrials 25/50 Index and the Industrial Select Sector SPDR ETF (ARCA:XLI) tracks Industrial Select Sector Index. Vanguard Industrials ETF has $5.37 billion in assets, Industrial Select Sector SPDR ETF has $19.29 billion. VIS has an expense ratio of 0.10% and XLI charges 0.09%.
<a href="https://www.zacks.com/stock/news/2336242/should-you-invest-in-the-fidelity-msci-industrials-index-etf-fidu?cid=CS-BENZ-FT-sector_etf-2336242">To read this article on Zacks.com click here.</a>

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Should You Invest in the Fidelity MSCI Industrials Index ETF?

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The industrial machinery industry is thriving due to escalating infrastructure spending, which is spurring the need for construction machinery and related equipment. To analyze which is built to last, let's compare heavy equipment stocks Caterpillar (CAT) and Deere (DE). Read on to find out… The industrial machinery market has been growing steadily over the years, driven by the demand for automation and the modernization of production processes. The market growth is also fueled by the growth of the manufacturing sector, especially in developing countries. The global industrial machinery market is projected to grow at a <a href="https://www.acumenresearchandconsulting.com/industrial-machinery-market">CAGR of 5.3%</a> by 2032.
Moreover, the <a href="https://www.marketresearchfuture.com/reports/industrial-machinery-equipment-tools-market-12404">rising urban population and stringent government regulations</a> governing various aspects, including safety, noise emissions, as well as sustainability, are driving the market growth.
Against this backdrop, let's compare two industrial machinery stocks to analyze which stock is built to last: Caterpillar Inc. (<a href="https://stocknews.com/stock/CAT/">CAT</a>) and Deere &amp; Company (<a href="https://stocknews.com/stock/DE/">DE</a>).
The Case for Caterpillar Inc. Stock
With a $179.38 billion market cap, Caterpillar Inc. (<a href="https://stocknews.com/stock/CAT/">CAT</a>) is a manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. The company operates through its four segments: Construction Industries; Resource Industries; Energy &amp; Transportation; and Financial Products.
On August 13, CAT announced plans to expand its Lafayette Engine Center, enhancing its capacity to build and test new engines and provide aftermarket components. The expansion involves increasing the campus' footprint, refurbishing equipment, and investing in additional equipment.
This move aims to meet the rising global demand for backup and prime power in data centers, fueled by the growing adoption of cloud computing and generative AI.
CAT's stock has gained 27.4% over the past nine months to close the last trading session at $373.31.
CAT's forward EV/EBIT of 14.55x is 10.4% lower than the industry average of 16.24x. Its forward non-GAAP P/E multiple of 16.07 is 19.2% lower than the industry average of 19.89.
CAT's total sales and revenue for the fiscal second quarter (ended June 30, 2024) amounted to $16.69 billion, while its revenue from financial products stood at $849 million, up 9.8% over the prior-year quarter. The company's adjusted profit and adjusted profit per share increased by 2% and 7.9% year-over-year to $3.76 billion and $5.99, respectively.
Analysts expect CAT's revenue for the fiscal year ending December 2025 to grow 3.2% year-over-year to $67.36 billion, while its EPS for the same period is expected to increase 3.3% year-over-year to $22.82.
CAT's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its promising outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
The stock has a B grade for Quality and Stability. CAT is ranked #27 out of 78 stocks in the A-rated <a href="https://stocknews.com/category/industrial-machinery/">Industrial - Machinery</a> industry.
In addition to the POWR Ratings I've just highlighted, you can see CAT's ratings for Growth, Momentum, Sentiment, and Value <a href="https://stocknews.com/stock/CAT/">here</a>.
The Case for Deere &amp; Company Stock
Valued at $112.10 billion by market cap, Deere &amp; Company (<a href="https://stocknews.com/stock/DE/">DE</a>) engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture; Small Agriculture and Turf; Construction and Forestry; and Financial Services.
DE's stock has gained 9.9% over the past month to close the last trading session at $409.73.
DE's forward non-GAAP P/E of 16.38x is 19.3% lower than the industry average of 20.29x. However, its forward EV/Sales of 3.86x is 103.7% higher than the industry average of 1.90x.
DE's net sales and revenues for the fiscal third quarter ended July 28, 2024, decreased 17% year-over-year to $13.15 billion. Its net income and EPS declined 42% and 61.7% year-over-year to $1.73 billion and $6.29, respectively.
Analysts expect DE's EPS for the quarter ending October 2024 to decline 50.6% year-over-year to $4.11, while its revenue for the same quarter is expected to decline 31.9% year-over-year to $9.39 billion. However, it surpassed Street revenue and EPS estimates in each of the trailing quarters.
DE's mixed fundamentals are reflected in its POWR Ratings. The stock has an overall C rating, translating to Neutral in our proprietary rating system.
DE has a C grade for Stability, Value, Sentiment, Quality, and Momentum. It is ranked #69 in the same industry.
<a href="https://stocknews.com/stock/DE/">Click here</a> for the additional POWR Ratings for DE (Growth).
Caterpillar (CAT) vs. Deere (DE): Which Heavy Equipment Stock Is Built to Last?
Investing in heavy machinery stocks offers exposure to infrastructure growth and industrial demand, which tend to rise with economic development. The growing demand for housing and commercial properties like hospitals, offices, and government buildings, driven by population growth, is boosting construction activities.
This surge in development is fueling the heavy construction equipment market's expansion. Leading heavy equipment companies CAT and DE stand to capitalize on the optimistic industry outlook. However, CAT's strong financial performance and cheap valuation favor it as the better heavy equipment stock pick.
Our research shows that the odds of success increase when one invests in stocks with an Overall Rating of Strong Buy or Buy. View all the top-rated stocks in the Industrial - Machinery industry <a href="https://stocknews.com/category/industrial-machinery/">here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
CAT shares were trading at $368.41 per share on Friday afternoon, down $4.90 (-1.31%). Year-to-date, CAT has gained 26.15%, versus a 19.93% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/cat-de-caterpillar-cat-vs-deere-de-which-heavy-equipment-stock-is/>Caterpillar (CAT) vs. Deere (DE): Which Heavy Equipment Stock Is Built to Last?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Caterpillar (CAT) vs. Deere (DE): Which Heavy Equipment Stock Is Built to Last?

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