Big Machines, Big Oil
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 30 July 2018
⏱️ 15 minutes
🧾️ Download transcript
Summary
Caterpillar posts strong 2nd-quarter results and raises guidance for the full fiscal year. Taylor Muckerman analyzes Caterpillar’s recent rise and the potential for the stock from here. Plus, we discuss the latest quarterly results from ExxonMobil and Chevron, as well as the bump the latest “Mission Impossible” has given to Viacom’s stock.
Transcript
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| 0:00.0 | It's Monday, July 30th. |
| 0:04.0 | Welcome to Market Foolery. |
| 0:05.0 | I'm Chris Hill joining me in studio. |
| 0:07.0 | North Carolina's own, Taylor Muckerman. |
| 0:10.0 | Thanks for being here. |
| 0:11.0 | I appreciate it. |
| 0:12.0 | I was just down in your state. Yeah, how to treat you. Thanks for me. Thanks for being here. I appreciate it. |
| 0:13.0 | I was just down in your state. |
| 0:14.0 | Yeah, how to treat you? |
| 0:15.0 | Ah, Asheville treated me very, very well. |
| 0:18.0 | It's a popular city for good reason. |
| 0:20.0 | Yeah, it's a great city. |
| 0:22.0 | We got big oil. We're going to talk big oil and we're going to talk big machines. Let's start with the machines and that's that's Caterpillar. Catpillar second quarter. |
| 0:33.0 | They kind of did everything, right? |
| 0:37.0 | Profits higher than expected, revenue higher than expected. |
| 0:40.0 | They raised guidance for the full fiscal year and Caterpillar helping to push the Dow up a little |
| 0:45.7 | bit today. |
| 0:46.7 | Yeah, not something you typically see from a company the size, boosting guidance by 7% |
| 0:51.1 | and revenue across the board up, you know, if you look at their divisions, |
| 0:55.0 | construction revenue, the biggest segment that they have as a business, up 24% to |
| 1:00.0 | almost 6.2 billion dollars. The resource segment up 38 percent and energy and |
| 1:05.8 | transportation up 20 percent. There's some big numbers from a big company and |
... |
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