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The Week Ahead: The Good And Bad News For Investors
The stock market’s attempt to rally early in the week was derailed by the comments from Caterpillar’s (CAT) Chief Financial Officer, Brad Halverson, that the company’s first-quarter profit “will be the high-water mark for the year” because of expected increases in investment later in 2018. Caterpillar’s stock went from being up over $7 per share as it reached a high of $161.10 before plunging to close at $144.44. The daily chart shows that CAT had broken its downtrend, line a, prior to earnings as it had slightly violated the 38.2% support at $139.89.
https://finance.yahoo.com/m/446ed55...9/the-week-ahead:-the-good-and.html?.tsrc=rss
The stock market’s attempt to rally early in the week was derailed by the comments from Caterpillar’s (CAT) Chief Financial Officer, Brad Halverson, that the company’s first-quarter profit “will be the high-water mark for the year” because of expected increases in investment later in 2018. Caterpillar’s stock went from being up over $7 per share as it reached a high of $161.10 before plunging to close at $144.44. The daily chart shows that CAT had broken its downtrend, line a, prior to earnings as it had slightly violated the 38.2% support at $139.89.
https://finance.yahoo.com/m/446ed55...9/the-week-ahead:-the-good-and.html?.tsrc=rss
