Replies to post #29633 on The Rising Influence of Rising Affluence

[DewDiligence]

CAT’s CEO exercised options for ~$11M of stock yesterday and sold only the amount needed to cover tax liabilities:

https://www.sec.gov/Archives/edgar/data/18230/000110465924115989/xslF345X05/tm2427956-2_4seq1.xml

The options in questions did not expire until 2032, so this is a decidedly bullish transaction.

[DewDiligence]

CAT reports 4Q24 results—issues soft 2025 guidance:

https://finance.yahoo.com/news/caterpillar-reports-fourth-quarter-full-113000036.html

CAT does not issue specific guidance for any year or quarter; however, management said that 2025 was expected to be “slightly” down from 2024, and this was enough to send the share price down 4% today. Despite today’s selloff, CAT is +26% from its 12-month low.

p.s. CAT’s reciprocating-engine business is an AI-infrastructure play (#msg-174689607), so the stock had a mild selloff earlier this week on the DeepSeek news.