The Rising Influence of Rising Affluence

[DewDiligence]

CAT reports weak 1Q20 results—suspends 2020 guidance—stock rises anyhow (+4% today, one day after PR release yesterday morning):

https://www.caterpillar.com/en/news/corporate-press-releases/h/1q20-caterpillar-financials.html

The only “good” news in CAT’s 1Q20 report is that 75% of CAT’s global manufacturing facilities continued operating throughout 1Q20 and are still operating now because they are deemed an essential business by almost all jurisdictions.

1Q20 CC slides:
https://www.caterpillar.com/content/dam/caterpillarDotCom/releases/1Q%202020%20Earnings%20Presentation.pdf