Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.
Caterpillar (CAT) shares gave a big boost to the Dow Industrials this morning. The construction equipment company is raising its profit outlook for the year after revenue and earnings blasted past analysts estimates for the third quarter. Caterpillar says revenue was driven by strong demand for its machines in North America and China.
3M (MMM) is also doing its part to lift the Dow. Earnings and revenue blew past expectations last quarter. The maker of Post it Notes and Scotch Tape saw its boost in its electronics and energy divisions.
Lockheed Martin (LMT) is on the defensive this morning. The stock fell early Tuesday after it missed on earnings and revenue for last quarter. CEO Marillyn Hewson is urging investors to focus on the company’s backlog that “supports long term growth.” Lockheed Martin has confirmed it’s increasing its defense spending. The stock is up around 35% since Election Day.
Whirlpool (WHR) shares are getting put through the ringer. The appliance maker lowered its full year guidance after profits and revenue missed expectations. The company’s CEO cited rising material costs and slow growth in Europe for the shortfall. Whirlpool is also in a trade battle with two South Korean washing machine makers. And to top it off, embattled retailer Sears will no longer sell Whirlpool appliances after a pricing dispute.
And there’s potentially some bad news for Apple (AAPL). Japan’s Nikkei is reporting that the tech giant may ship just half the number of iPhone Xs it promised for Nov. 3rd. The newspaper says Apple is struggling to fix a problem with the phone’s 3D sensor.