Evercore's 15-minute chart signals bearish crossover with MACD, KDJ indicators.

As per the 15-minute chart provided by Evercore, a MACD Death Cross and KDJ Death Cross were observed on August 20, 2025 at 10:00. This indicates that the stock price has the potential to continue declining, with a shift in momentum towards the downside, which could lead to further decreases in the stock price.

Amphenol (NYSE: APH) and Caterpillar (NYSE: CAT) have seen significant movements in their stock prices and analyst ratings recently, driven by various strategic and financial developments.

Amphenol's Stock Surges Amid Acquisition News
Amphenol's stock has surged, trading near its 52-week high of $112.35, after Evercore ISI reiterated an Outperform rating and set an $110.00 price target [1]. The upgrade follows the company's announcement of its acquisition of Trexon, a provider of high-reliability interconnect and cable assemblies primarily for the defense market, for $1 billion. The acquisition is expected to close in Q4 2025. Trexon brings approximately $290 million in annual sales with 26% EBITDA margins, representing a purchase price of about 3.45x EV/EBITDA. The acquisition strengthens Amphenol's position in the aerospace and defense sector, capitalizing on secular growth and increasing government spending while broadening its customer base. Evercore ISI estimates that mergers and acquisitions could add approximately 20-25 cents to Amphenol’s earnings per share in the longer term.

Caterpillar's Stock Upgraded Amid Construction Margin Resilience
Caterpillar's stock was upgraded by Evercore ISI from In Line to Outperform, with a price target set at $476.00 [2]. The upgrade comes as the research firm noted Caterpillar’s "recent resilience in construction equipment margins amid price-cost negativity." Evercore ISI highlighted North America as the region where the end of machine destocking will be most beneficial for the heavy equipment manufacturer, potentially driving earnings upside in late 2025 and into 2026. Caterpillar reported mixed financial results for the second quarter of 2025, with adjusted earnings per share of $4.72, which was approximately 3% below consensus estimates. Despite a 1% year-over-year decline in consolidated sales to $16.6 billion, this figure exceeded market expectations of $16.3 billion.

Technical Indicators Suggest Potential Declines
As per the 15-minute chart provided by Evercore, a MACD Death Cross and KDJ Death Cross were observed on August 20, 2025 at 10:00, indicating that the stock price has the potential to continue declining, with a shift in momentum towards the downside, which could lead to further decreases in the stock price.

References
[1] https://www.investing.com/news/analyst-ratings/amphenol-stock-rises-as-evercore-isi-reiterates-outperform-on-trexon-deal-93CH-4198226
[2] https://za.investing.com/news/analyst-ratings/caterpillar-stock-rating-upgraded-by-evercore-isi-on-construction-margin-resilience-93CH-3845951