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Here’s Why Investors Are Watching Caterpillar, Sensata Technologies & Three Other Stocks

Sensata Delivers Solid Quarter

Sensata Technologies Holding N.V. (NYSE:ST) shares have appreciated by nearly 5% so far today after the tech company reported earnings of $0.73 per share for the second quarter, exceeding the average analyst estimate by $0.01 per share. Revenue rose by 7.4% year-over-year to $827.55 million, or $4.14 million higher than the top-line consensus estimate. Gross margin and operating margin increased by 230 basis points and 340 basis points, respectively, as demand for the company’s products was strong. Management sees 2016 adjusted EPS in the range of $2.80 to $2.94 on sales of $3.17 billion to $3.25 billion. At the end of March, 31 funds tracked by us were long Sensata Technologies Holding N.V. (NYSE:ST).

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Ally Earnings Ahead of Estimates

Traders are watching Ally Financial Inc (NYSE:ALLY) today after the company reported EPS of $0.54 and sales of $1.36 billion for its second quarter. Shares of the company are 1.5% higher as analysts were expecting $0.03 per share and $30 million less, respectively. Adjusted tangible book value rose to $25.90 from $23.70 one year ago, while Ally’s adjusted efficiency ratio came in at 43.7% versus 45.6% in the second quarter of 2015. According to our records, 51 funds owned shares of Ally Financial Inc (NYSE:ALLY) at the end of the first quarter.

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Investors Not Loving McDonald’s Quarter

Given the company’s previous string of earnings beats, McDonald’s Corporation (NYSE:MCD) disappointed its most ardent bulls today by reporting second-quarter earnings of $1.25 per share on revenue of $6.27 billion, missing the bottom-line estimate by $0.13 per share and meeting the top-line analysts’ expectations. Shares of the restaurant chain are down by over 4% today as a strong dollar caused the company’s revenue to just come in-line.  Global comparable sales rose 3.1% year-over-year while U.S. comparable sales inched up 1.8% year-over-year. A total of 83 investors tracked by Insider Monkey had a bullish position in McDonald’s Corporation (NYSE:MCD) at the end of the first quarter, down by one from the previous quarter.

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Disclosure: none

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