Applied Materials, Caterpillar and Southern Copper make headlines ahead of earnings
· 6 sources
Applied Materials heads into its Q4 report, Caterpillar gets a Lafayette expansion nod, and UBS upgrades Southern Copper to Neutral from Sell.
What happened
Several company stories surfaced on the same day. TradingKey and ad-hoc-news.de report that Applied Materials is approaching its fiscal fourth-quarter report after a tech rebound, while Caterpillar and Southern Copper also drew coverage.
TradingKey says Applied Materials stock rose 11.37% ahead of Thursday's Q4 results, though it describes a falling channel and names $410.79 as the first hurdle. Ad-hoc-news.de describes the report as an earnings test.
For Caterpillar, ad-hoc-news.de reports that Lafayette approved a second expansion of its large-engine center, valued at USD 890 million and focused on replacing outdated equipment. TradingView adds that Caterpillar dealer Finning's Q3 revenue beat expectations on strength in Canada.
TradingView and Quantisnow report that UBS upgraded Southern Copper to Neutral from Sell and kept its price target at $180.
Context
Quarterly earnings reports and analyst rating changes are regular events that investors follow to assess company performance and outlook.
Why it matters
The items touch semiconductor equipment, heavy machinery and copper mining, so they may draw attention to how each sector is viewed.
Stocks in this story
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
44%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $425.00 and $599.39; 9 in 10, between $313.35 and $812.97.
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