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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Caterpillar shares climb on quarterly results

Caterpillar, all-sessions, rise on quarterly profit beat. IGTV financial analyst Angeline Ong looks at what’s behind the strength and whether the positive momentum for Caterpillar can continue.

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(AI Video Transcript)

Caterpillar announces impressive Q1 earnings

Caterpillar, a top construction company, has just announced impressive earnings for the first quarter, reaching almost $2.7 billion. This success can be attributed to the high demand for excavators and other large equipment in the construction industry. The company's profits have seen a significant boost due to the recovering US housing market and increased infrastructure spending.

Why they've been doing well

The residential sector in the US has shown a strong rebound, and this has led to an increased need for construction equipment, especially excavators. Caterpillar, being a well-established player in the market, is in a favorable position to meet this demand. Additionally, increased investments in infrastructure projects by governments for economic recovery and development have also contributed to Caterpillar's success.

Another factor that has played a crucial role in Caterpillar's profitability is the improvement in margins in the energy and transportation segment. This segment, which is the company's largest, has seen a significant 21% increase in margins compared to the previous year. This suggests that Caterpillar has effectively managed its costs and enhanced operational efficiency.

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

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