The third-quarter 2019 earnings season is in full swing. And despite some analysts’ expectations for overall lackluster results…
Things are looking pretty good, all things considered.
It’s true that certain big-name companies have had their misses. For instance, Caterpillar (CAT) missed expectations on both earnings and revenue. Worse yet, it lowered its full-year earnings guidance thanks to global weakness.
As Forbes notes, “Given its exposure to China, CAT has been considered an indicator for how well things are going in the trade dispute between the United States and the Asian nation…”
Then