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Why Caterpillar Stock Is Jumping Today

TheMotleyFool 
0 0 01.08.23
Why Caterpillar Stock Is Jumping TodayPhoto, wide shot, wide-angle lens, Aerospace components, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/3938f51e-9b01-45a9-aed1-ff9d047063fc.png
 

(NYSE: CAT), one of the 30 Dow stocks, zoomed this morning and was up a solid 7.4% as of 11 a.m. ET.

Caterpillar is often considered a bellwether of the economy given its leadership in the heavy machinery, construction, and mining industries. So when a bellwether reports blowout numbers amid fears of a global slowdown, the markets are bound to react positively.

Here are the key numbers from Caterpillar's second-quarter earnings report that was released this first day of August:

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Source Fool.com

Caterpillar Inc. Stock

€769.80
0.730%
The Caterpillar Inc. stock is trending slightly upwards today, with an increase of €5.60 (0.730%) compared to yesterday's price.
Currently there is a rather positive sentiment for Caterpillar Inc. with 61 Buy predictions and 6 Sell predictions.
With a target price of 782 € there is a slightly positive potential of 1.58% for Caterpillar Inc. compared to the current price of 769.8 €.
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