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What recession? Caterpillar keeps repeating that demand is 'healthy,' 'strong' and 'robust'

Por: MarketWatch Business October 28, 2022

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The stock, which was seeing its biggest-ever price gain of $17.49, based on FactSet data going back to 1972, added about 115 points to the Dow Jones Industrial Average , which was up 344 points. When asked by William Blair analyst Larry De Maria on the post-earnings conference call whether the company is concerned about a potential recession or is doing anything to prepare for one, Chief Executive Jim Umpleby appeared to shrug off recession... + full article



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