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Caterpillar - Catching A Reversal On A Tuesday

Tuesdays are not the best of days to look for reversals however Caterpillar jumped a modest amount which impacted the value of this series of Puts. This is a 1:36 p.m. readout. Here is it's five day chart. Now its one day chart. It would seem like kind of a random thing to do and why fight a strong stock? One reason is that the markets are only mildly up and could give back some of it's gains before the end of the day. Caterpillar could be gaining strenght based on last weeks articles talking about how Caterpillar could potential gain from this new AI movement. Notice that the five day chart is in an uptrend and notice the small open interest numbers in the Puts. No one wants to hold Puts on Caterpillar when it is in this uptrend. Could it has a soft selloff in the next two hours? Here it is now 50 minutes later. The "bid and ask" are almost unchanged. There is also not much change in the DJIA index.Now this. The DJIA is sellig off and Caterpillar is hanging ...
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Auto Talks - Ford

Strong profits and strong vehicle demand. Investors in Ford have opted to discount the cost of future labor demands. Management might have a different slant. Take a hit on plants closing and let the demand for new vehicles heat up (or help reduce the need for dealers to offer incentives). Interesting times. Tesla seems be running with more efficiences.**Barron's coverpage on Sept 18th reads.The EV Wars, As General Motors and Ford confront a UAW strike, they're falling behind rival Tesla in the battle over electric vehicles. Can they catch up? Their article notes that in July, Ford increased it's EV division's full-year projected loss to 4.5 billion from 3 billion, while pushing back a goal of producing roughly 50,000 EVs a month from the end of 2023 to some point in 2024. In the U.S., Ford sold some 32,000 EVs in the first seven months of the year, up 3.5% compared with 2022. (Tesla sells more than 58,000 cars a month in the U.S. and produces 150,000 EVs every month around the globe).( Evs now account for about 7% of new vehicle sales in the U.S. and 22% in California ).

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