Caterpillar Posts First Loss in 16 Years

Lately, I’ve been talking about how investors can no longer trust the stock stalwarts of old. Starbucks (SBUX) used to be a stock that investors could trust without question. Not anymore.

Caterpillar (CAT) is a similar story. I have the stock rated “Strong Sell,” and said I wouldn’t be surprised to see a quarterly loss. That’s exactly what happened. The company posted a loss of 19 cents a share which is down from a profit of $1.45 one year ago. Caterpillar also slashed its full-year earnings and sales forecast. Avoid this stock!

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