Guess who wants to shutdown the government? The liar in the white house wanting $20 billions for the wall paid for by Mexico!
The way republican supporters deflect the way this disaster is unfolding is amazing, slithering like snakes.
Caterpillar dropped more than 7 percent following the release of its results. The company said its manufacturing costs rose due to higher material and freight costs. Material costs were driven by higher steel prices and tariffs. This drop adds to Caterpillarās steep monthly losses. Through Mondayās close, the stock is down 15.6 percent for the month.
āWe just look like weāre getting further away from a deal with China,ā said Art Hogan, chief market strategist at B. Riley FBR. āThe ramifications of a prolonged trade ware are really seeping into investorsā minds right now.ā
āI think weāre coming to a capitulation point,ā he said.
āQ3 revenue climbed 18% to $13.5 billion, which was slightly better than the $13.3 billion expected by analysts. Earnings came in at $2.86 per share, up from $1.95 a year ago and a penny better than expected.ā
Hmm, so their revenue was up 18% and EPS were up 47%. It seems they did quite well and maintained guidance for the year, so clearly tariffs arenāt hurting them too badly.
"Despite the positive tone of the earnings announcement, the company kept full-year earnings guidance at a range of $11.00-$12.00 per share.
Analysts had forecast full-year earnings of $11.65 per share, which is a bit higher than the midpoint of managementās guidance."
Analysts wanted an increase to guidance which didnāt happen. Expectations were too high so the stock gets hit. Not exactly the fear, good, and gloom story some are trying to portray.
I am waiting to buy the chip stocks that are getting shot to death: MU, NVDA and even AMD. The semi-cap segment is also very weak. LRCX will have <10 PE next year it seems.
The chips are weak recently, it would take some time to fully bottom. NVDA only started to weaken early this month, so it would take awhile. Having said that, I averaged in a littleā¦ tiny (not the $50k trigger)ā¦ just to soothe the itch finger, waiting for it to decline even more. Waiting for your magic $180.