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Search resuls for: "Zev Fima Jeff Marks"


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☆ Caterpillar and two other real-economy stocks report strong quarters. Here's where we stand on each
  + stars: | 2023-04-27 | by ( Zev Fima Jeff Marks | Zev Fima | Jeff Marks | ) www.cnbc.com   time to read: +12 min
Caterpillar shares turn around CAT YTD mountain Caterpillar YTD Dow component Caterpillar delivered a blowout first quarter. Caterpillar revenue in Q1 increased 16.7% year over year to $15.86 billion, exceeding estimates of $15.26 billion, according to Refinitiv. Better-than-expected operating margin of 17% was so strong, due mostly to manufacturing costs that were not as high as expected as well as higher prices. Bottom Line on CAT This was a very strong quarter from Caterpillar as business continues to benefit from pricing power that outweighs costs. Even with oil down in the quarter, Caterpillar continues to see a lot of activity and strength in new engine sales to customers.
☆ Here's our plan for Monday after another painful week to own stocks
  + stars: | 2022-09-23 | by ( Zev Fima Jeff Marks | Zev Fima | Jeff Marks | ) www.cnbc.com   time to read: +5 min
Stocks took a beating this week as the Federal Reserve raised interest rates by another 75 basis points, the third consecutive hike of that magnitude. It wasn't the rate move — which was anticipated by the market — but Fed Chair Jerome Powell's hawkish comments on Wednesday that hurt stocks. It was the fifth losing week out of the last six for all the major stock averages, capped by another painful drop on Friday. Also Wednesday, the Federal Reserve raised the federal funds rate by another 75 basis points while maintaining its hawkish tone. ET: Personal Spending and Income (See here for a full list of the stocks in Jim Cramer's Charitable Trust is long.)
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