Caterpillar Posts Mixed Q2 Financial Results

Caterpillar (CAT), the maker of construction and mining equipment, has reported mixed financial results for this year’s second quarter. The Irving, Texas-based company announced Q2 earnings per share (EPS) of $5.99 U.S., which beat Wall Street forecasts that called for $5.54 U.S. However, revenue of $16.70 billion U.S. fell short of consensus expectations of $16.80 billion U.S. among analysts who follow the company. Sales volumes were down in every business segment. However, the company noted that its pricing was higher during this year’s second quarter. Caterpillar also said in its…

Stocks on Sale: Intel, Snap, Bank of America, and More

Intel (INTC) fell by 26%, a drop not seen since the Y2K bubble popped 24 years ago. The stock’s chances of holding the $21 level are high. Markets are discounting Intel’s weak guidance. The firm may beat expectations after it refreshes its CPU chips in the PC market in October.Intel dragged Arm (ARM), ON Semiconductor (ON), and Broadcom (AVGO) lower last week. Those stocks are on sale, although relative valuations are still unfavorable.Shares of social networking firm Snap (SNAP) are on sale. The stock lost 27% in value after posting a two-cent non-GAAP EPS. Revenue grew by 15.9% Y/Y to $1.24…