Blue chips Boeing Co (NYSE: BA) and Caterpillar Inc (NYSE:CAT) are fresh off the earnings confessional. Below, let's dig into their results and how shares are responding.
Boeing beat third-quarter revenue expectations as its cash-flow burn rate improved, but delays to its 777X program resulted in a $5 billion hit. The airplane manufacturer is also struggling with a continued defense worker strike in the Midwest. Shares were last seen 3% lower to trade at $216, on track to snap its four-day win streak amid ongoing pressure from the 50-day moving average. BA still sports a 26.2% lead, however.
Caterpillar reported better-than-expected earnings and revenue for the third quarter, and issued an upbeat full-year revenue outlook. The heavy machinery name warned of weak construction activity in the U.S. as well as tariffs, though. CAT is up 12% to trade at a record high of $591.96 at last glance, and is now eyeing its fourth gain in the past five sessions. In the last 12 months, the equity added has added 46%.
BA and CAT are seeing unusual options activity today, with options volume running at 3 and 6 times the usual intraday amount. The most active contract for the former is the November 240 call, and for the latter it's the weekly 10/31 600-strike call, with positions being opened at the latter.
