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U.S. stocks fell Thursday, led by a 9% Caterpillar drop; Porch, Teladoc and Crocs surged, while oil, gold and silver declined.
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Caterpillar reported Q3 2026 earnings of $7.2 per share, beating consensus estimates of $7.12, with revenues of $20.68 billion exceeding expectations. The company has outperformed the market by 24.5% year-to-date and maintains a Zacks Rank #2 (Buy) rating. The Manufacturing - Construction and Mining industry ranks in the top 40% of Zacks industries.
The US economy grew 3.4% annualized in the third quarter, beating the 3.2% forecast, while September PCE inflation rose 3.6%, matching expectations.
Crocs (CROX) stock surges to 52-week highs on strong Q3 earnings, $1.04B revenue, and an upgraded full-year 2026 forecast.
Stocks rallied on strong earnings and raised guidance, led by Huntington Ingalls, Porch, Teladoc and Crocs, despite the Dow falling 150 points.
Crocs, Inc. announced strong third-quarter 2026 financial results, exceeding analyst expectations for both revenue and earnings, and raised its full-year 2026 guidance.