Caterpillar the world’s largest mining & construction equipment manufacturer reported both strong 3rd quarter earnings and ongoing solid demand into 2022 illustrating the economies resilience even as it deals with supply chain problems – analysts expectation were for adjusted quarterly profit of $2.20 per share but CAT trumped this with a $2.66 print. The largest issue for CAT is satisfying customer demand due to the supply chain challenges, the strong outlook delivers a strong read through for our mining and mining services stocks into 2022.
MM is bullish CAT
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