Diamonds and Dogs
Today's dog is a cat, Caterpillar (CAT) that is. Caterpillar dug its' own hole today after lower guidance for the year. On the bright side you can use their equipment to dig yourself a hole to stand in while you watch the stock plummet over 6% to a new 52 week low. One analyst lowered his price target down to $28 a share or 56% lower than where the stock closed. Besides lowering guidance, the company is cutting 10,000 jobs to reduce costs. This caterpillar needs to turn into a butterfly real quick.
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