Caterpillar – bellweather stock smashes estimates

Some positives out of the US this morning (and I haven’t even mentioned AAPL from last night!). BI has the story:

Huge Bellwether Caterpillar Smashes Earnings Estimates And Raises Forecast

As always, though, the devil is in the details and there is much more to the story re Caterpillar. Inventory up huge (at a much faster rate than sales), weakness forecast in China and Brazil … I’m no stock analyst but there are causes for at least some concern. (ht Extra detail from tweets of @BergenCapital)

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