Can Caterpillar’s $72B Backlog Save Its Stock From a 10% Slump?

Caterpillar (NYSE:CAT) reports third-quarter results before the market opens on October 29. Shares have dropped 15.4% over the past month, so the record backlog now carries the bull case. Record Quarter, Then a Sharp Pullback Last quarter, Caterpillar passed $20 billion in quarterly revenue for the first time. Sales reached $20.54 billion, up 24.0% year […]