Caterpillar Inc

CAT remains under medium-term bearish distribution dynamics, failing to sustain rallies into the 9/20/50 EMA cluster. The long-term uptrend is intact, but intermediate pressure and lower highs/lows keep the bias negative. Short-term timing is neutral as price consolidates around the EMA zone. Defer trimming into renewed strength toward the EMA cluster for optimal execution.

• ↑Q2 2026 revenue of $20.54B (+24% YoY) and EPS $8.17 beat estimates
• ↑Operating margin expanded to 21.9% from 17.3% YoY
• ↓Stock trades above DCF-derived fair value, indicating possible overvaluation