Caterpillar Misses, Starbucks Sales Keep Falling, Snap Tumbles
On this episode of Stock Movers:- Caterpillar (CAT) shares are down as the company expects slightly lower sales this year if the Trump administration tariffs remain in place and the economy dips into a recession in the second half. The guidance, in line with previous expectations, came as the heavy-equipment maker posted first-quarter earnings that fell short of analysts’ estimates. The company painted two scenarios in its results’ presentation, forecasting operating profit to be within its annual target range if factoring in tariffs and a recession.- Starbucks (SBUX) stock slides…
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