The Tell: This one man may be to blame for the recent weakness in stocks, says analyst

The U.S. stock market has struggled recently, with the Dow on track for its fifth straight daily decline despite one of the best earnings seasons on record.

Why? According to one analyst, the blame may fall on one corporate executive.

On April 24, Caterpillar Inc. CAT, -0.06% reported its quarterly results. While the heavy machinery maker reported first-quarter sales and earnings that came in above expectations, the company’s chief financial officer sounded a cautious note that sent shares sharply lower.

“While we expect strong operating margins for the rest of the year, which is defined as within or better than the Investor Day ranges, we don’t expect to repeat first-quarter operating margin at the consolidated level,” Bradley Halverson said on the company’s earnings call.

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