"Caterpillar Inc. raised its earnings forecast in a sign that industries from mining to energy are gaining momentum amid a stronger global economy -- assuming no trade wars.The top maker of construction and mining equipment saw its shares surge after lifting its 2018 profit projection by as much as 24 percent. First-quarter results beat analysts’ estimates on sales and earnings as demand for the signature yellow machines accelerates. Caterpillar saw continued strength for construction in North America and infrastructure in China, it said Tuesday.
The company’s results underscore its importance as a bellwether of global growth. Last week, the IMF predicted the world economy’s strongest upswing since 2011 will continue for the next two years. Caterpillar is forecasting benefits from a broadening recovery in mining and construction as well as fatter margins after years of cost cutting. The outlook comes after worries of a trade war at the start of the year caused Caterpillar shares to have their worst quarterly performance since 2015."
https://www.bloomberg.com/news/articles/2018-04-24/caterpillar-just-gave-huge-vote-of-confidence-in-global-economy
The company’s results underscore its importance as a bellwether of global growth. Last week, the IMF predicted the world economy’s strongest upswing since 2011 will continue for the next two years. Caterpillar is forecasting benefits from a broadening recovery in mining and construction as well as fatter margins after years of cost cutting. The outlook comes after worries of a trade war at the start of the year caused Caterpillar shares to have their worst quarterly performance since 2015."
https://www.bloomberg.com/news/articles/2018-04-24/caterpillar-just-gave-huge-vote-of-confidence-in-global-economy