On July 27, Caterpillar fell 3.03% in regular trading, trading at 861.96 USD/share, with turnover of $525 million. The decline extends a persistent downtrend driven by sustained bearish pressure from renowned investor Michael Burry's short position and growing uncertainty ahead of the upcoming quarterly earnings report.

Burry initiated his short position at approximately $1,060.98 in early July, arguing that Caterpillar's valuation has fully priced in the AI infrastructure tailwind. The stock's price-to-sales ratio has climbed to its highest level in nearly three decades, fueled by surging demand for data center backup power equipment. Since the short was disclosed, shares have retreated over 18% from highs. Despite multiple Wall Street firms — including Oppenheimer, Citigroup, and Bernstein — raising price targets as high as $1,105, the gap between institutional bullishness and market selling pressure remains pronounced.

Additionally, the company is scheduled to report second-quarter results on August 4 before market open, with consensus EPS expected at $6.25, intensifying pre-earnings caution. Within the Construction Machinery and Heavy Trucks sector, Cummins fell 2.14% and Westinghouse Air Brake declined 1.32%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)