Diamonds and Dogs

9/19/24

Caterpillar (CAT) likes lower interest rates. The big machinery and Farming equipment maker is jumping 5% back toward all time highs one day after the Fed cut interest rates. Besides making big expensive machines more affordable, the lower rates mya spur growth and more demand going forward. Deere is also having a good day.

Skechers (SKX) is taking a hit down 9%, the worst day since the coronavirus pandemic, after the footwear company's chief financial officer told an industry conference that China sales will be under pressure the rest of the year. Maybe they need new former NFL players as their sponsors.

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