Does anyone know on what basis Caterpillar $CAT+1.6% is losing almost 6% in premarket? The results don't look bad at first glance.
Caterpillar
CATCapital Structure
Market Cap
174.2B
Enterpr. Val.
207.1B
Valuation
P/E
16.1
P/S
2.6
Dividends
Yield
1.5%
Payout
23.0%
Perhaps a worse outlook within the construction and mining sectors?
The construction industry could theoretically have a bull run,but at the same time I still feel that the downturn will not last that long. A lot depends on what fed rates
I haven't found anything about it, but I have noticed the decline and I want to look at the company in more detail.