公司业务和全球市场 - 公司在发展中国家和发达国家的客户需求有所不同，注重购买价格和生产力[13][14] - 公司面临全球和本地竞争对手的竞争环境[15] - 公司的金融产品主要由Cat Financial、保险服务及其子公司和关联公司开展业务[25] - Cat Financial提供零售和批发融资选择，包括分期销售合同、设备相关贷款、营运租赁和融资租赁[28][29] - Cat Financial的竞争对手包括商业银行和金融租赁公司，以及其他制造商拥有的金融子公司[31] 公司财务和风险管理 - Cat Financial的财务结果在很大程度上取决于Caterpillar经销商销售设备的能力和客户愿意签订融资或租赁协议[32] - Cat Financial有一个匹配资金政策，通过使用利率衍生工具来调整债务结构，以匹配应收账款组合的利率配置[33] - Cat Financial的信贷决策基于多种信质因素，包括先前的付款经验、客户财务信息和信用评级[35] - Cat Financial提供融资时通常要求在设备上保留担保权，并且通常要求对设备进行物理损坏保险[35] 公司全球运营和员工情况 - 公司在全球拥有43家美国经销商和113家国外经销商，覆盖191个国家[47] - 全球员工总数为113,200人，其中约62,400人位于美国以外的地区[60] - 公司通过14个员工资源组织（ERGs）支持多元化员工，包括导师计划、与招聘人员和多元化专业组织的合作以及全球文化教育项目[57] 公司风险和挑战 - 突发事件，包括全球大流行病，可能会对公司的业务、运营结果和财务状况产生重大不利影响[75] - 经济不确定性可能会继续影响客户对公司产品和服务的需求，以及融资设备的价值、融资需求和经销商及客户的财务状况[78] - 商品价格变动、材料价格上涨、产品和服务需求波动、供应链重大中断或劳动力和材料严重短缺可能会对公司的财务结果或履行对客户的承诺产生不利影响[80] 公司全球市场和政策影响 - 全球经济政策变化可能对公司业务、运营和财务状况产生负面影响[84] - 政府税收和支出政策可能对公司业务产生负面影响[86] - 全球政治、经济风险和商业不稳定性可能对公司全球业务产生负面影响[87] 公司风险管理和法律合规 - 公司全球多样化的业务性质意味着法律和合规风险将继续存在[138] - Cat Financial的运营受到政府当局严格监管，可能会增加显著的额外成本和/或对其业务施加限制[139] - 公司的设施、运营和产品受到日益严格的环境法律和法规的约束，可能会导致更高的支出和支付[140]

There are no prizes for guessing the main reason for the 3% decline in Caterpillar's (CAT -2.73%) share price to late afternoon today. Higher-than-expected inflation data dampened hopes for an early interest rate cut, and that's not good news for highly cyclical stocks like Caterpillar. Caterpillar's cyclicity The company is often seen as highly sensitive to the economy due to its exposure to construction (an activity that decreases as the cost of borrowing rises), mining (industrial metals rely on the econ ...

卡特彼勒（CAT）业绩表现 - 卡特彼勒在2月5日公布的第四季度业绩表现出色，显示基础设施股票可以从华盛顿的基础设施支出热潮中受益[1] - 卡特彼勒在2023年全年和上一季度的利润大幅增长，调整后的每股收益在第四季度同比增长35%，全年调整后的每股收益增长53%[3] - 卡特彼勒受益于美国的再工业化趋势，近两年来工厂建设支出快速增长至创纪录水平，这一趋势将继续，同时全球对矿产的需求增加也推动了卡特彼勒的矿业设备业务[4] Quanta Services (PWR)前景展望 - Quanta Services (PWR)是一家从事基础设施建设、电力站建设、可再生能源设施和天然气输送设施的公司，受益于电气化交通的转变，是最佳基础设施股票之一[8] - Quanta将受益于两个并行项目，这两个项目被称为美国历史上最大的清洁能源基础设施项目之一，SunZia项目单独将在2024年产生约5%的PWR EBITDA[9] Powell Industries (POWL)市场表现 - Powell Industries (POWL)专门从事电气设备的制造和销售，受益于交通电气化和两党基础设施法案，公司的营收在上一季度同比增长53%，每股收益大幅增长[13] - Powell Industries的前瞻市盈率为22.4，考虑到公司的巨大增长，这个市盈率相当低[15]

25 March 2022, Mecklenburg-Western Pomerania, Rostock: Caterpillar's marine engine plant. Photo: ... [+] Bernd Wüstneck/dpa-Zentralbild/ZB (Photo by Bernd Wüstneck/picture alliance via Getty Images) dpa/picture alliance via Getty Images Caterpillar CAT (NYSE: CAT) recently reported its Q4 results, with revenues falling marginally short but earnings beating the street estimates. There are near-term concerns for the company with volume as well as order backlog shrinking. We believe that CAT stock is now fully ...

Photographer: Michael Nagle/Bloomberg © 2023 Bloomberg Finance LP The next week is options expiration (OPEX) week which has been bearish in the month of February. This suggests a pullback next week. Sentiment is becoming a bit too bullish, and divergences are appearing. However, there have been a number of positive momentum developments that have been overriding bearish signals. One of positive seasonal development is the bullish effect of the week before the President’s Day holiday. The bullish evidence ou ...

Caterpillar公司概况 - Caterpillar是工业部门中一个具有韧性的领先企业，主要从事建筑、采矿、能源和运输设备制造[2] - Caterpillar的营收在过去十年缓慢增长20%，主要通过有选择性的收购扩大产品和服务业务[4] - Caterpillar的每股收益在同期增长了242%，超过了营收增长，证明了其通过运营效率、规模扩张和成本管理提高盈利能力的能力[5] Caterpillar公司财务表现 - Caterpillar的股息政策突出了其财务实力和对股东回报的承诺，已连续30年增加股息[5] - Caterpillar的估值合理，目前的市盈率为15，反映了市场对公司的平衡看法[6] Caterpillar公司发展前景与风险 - Caterpillar的增长机会包括服务扩展、可持续性投资和能源与运输领域的强劲表现[7] - Caterpillar面临的风险包括经济不确定性、供应链中断和经销商库存调整[8] 投资建议 - 总体而言，Caterpillar是工业部门的领先公司，但当前估值并不具备吸引力的投资机会，建议暂时持有[9]

Avalon_Studio/E+ via Getty Images Business Overview/Investment Thesis Caterpillar is a leading company within the industrial equipment/manufacturing space. Caterpillar is the world's largest manufacturer of heavy equipment and holds 16.3% of total global market share. $CAT Total Global Market Share (Per Statista) $CAT Global Market Share (Statista) ...

Caterpillar (CAT -1.50%) just delivered one of the best earnings reports in the industrial sector this earnings season. As the chart below demonstrates, its stock price continues to rise. However, the question now is what will make the stock a buy for investors. Here's what you need to know. Three things to make Caterpillar a buy There are three key answers to this question, and I will flesh them out below: A lower stock price because Caterpillar's valuation is starting to look stretched. An improvement in ...

Caterpillar (CAT) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Over the past month, shares of this construction equipment company have returned +10.3%, compared to the Zacks S&P 500 composite's +5.1% change. During this period, the Zacks Manufacturing - Construction and Mining industry, which Caterpillar falls in, has gained 10.6%. The key question now is: What ...

Investors are back to looking at value stocks as many see high-flying growth as a bubble poised to burst. Even index investors focused on benchmarks like the S&P 500 are increasingly wary of the risks associated with a handful of stocks carrying the rest. That’s why value stocks represent a dual benefit: they help diversify away tech and growth risk, and, as the name implies, many are on-sale value buys since they’ve gone overlooked for so long. Of course, value traps abound when looking at value stocks. Th ...