Caterpillar's Earnings Bump; Starbucks Downgrades; Snapchat Ad Sales Concerns
On this episode of Stock Movers:- Caterpillar (CAT) share are higher this morning. The company said it expects to face slightly lower sales this year if tariffs continue 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. Excluding any impacts from tariffs, Caterpillar said it sees flat full-year sales compared with 2024.- Starbucks (SBUX) shares are lower after receiving a wave of downgrades from Wall Street. Bernstein, Stifel…
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