Diamonds and Dogs
Caterpillar (CAT) jumps 7% toa 52 week high after the heavy-machinery maker posted earnings and revenue that both exceeded the highest analyst estimates. The company saw resilient demand for its iconic yellow machinery even as China slowed down.
Profit-taking in the transportation sector. Uber (UBER) is down 5% even though they reported a surprise profit. JetBlue (JBLU) is down 8% as they warned of a third quarter loss. Norwegian Cruise (NCLH) dropped 13% after lowering third quarter guidance for a quarterly loss as higher costs start to bite.
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