Caterpillar (CAT) Stock

The Zacks Industry Rank for the Manufacturing - Construction and Mining sector is not very promising. However, we think that stocks such as CAT, KMTUY, HTCMY, and HY are still worth considering.

The Zacks Industry Rank for the Manufacturing - Construction and Mining sector is not very promising. However, we think that companies such as CAT, KMTUY, HTCMY, and HY are still worth considering.

Caterpillar (NYSE: CAT) shares were declining due to worries about new tariffs on products from Canada, Mexico, and China. At 12:17 p.m. ET, the S&P 500 index was down 0.8%, while Caterpillar's stock had dropped by 1.9%. The company, which produces mining and construction equipment, has multiple manufacturing plants in China and Mexico.

Join CNBC's Melissa Lee and the Fast Money traders for the last trades of the day.

Caterpillar's shares (CAT -2.55%) fell due to worries about new tariffs on products from Canada, Mexico, and China. This situation affected the overall stock market and Caterpillar in particular, as the company relies a lot on the global supply chain.

Joe Terranova, the Senior Managing Director at Virtus Investment Partners, appears on CNBC's "Halftime Report" to discuss his decision to sell Caterpillar and Uber from his ETF.

Caterpillar (NYSE: CAT) has just published its Q4 results, showing that its revenue fell short of expectations while its earnings surpassed them. The company reported revenue of $16.2 billion and adjusted earnings of $5.14 per share, compared to the expected figures of $16.4 billion and $5.02.

Michael Feniger, an analyst at BofA Securities, has lowered the price target for Caterpillar, Inc. (CAT) from $452 to $414, but he still maintains a Buy rating for the stock.

Caterpillar's shares (CAT -4.04%) dropped by more than 5% on Thursday morning and were still down about 4.8% by 12:30 p.m. ET.