Facing resistance at 106 on the weekly chart
This Fortune 500 Giant Will Fuel
Monster Profits
Caterpillar (CAT) is the leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. It’s also among the leaders in a laundry list of categories too long to mention. By total assets, the company consistently ranks in the top 50 of the Fortune 500, which, among other advantages, speaks to the company’s viability as a long-term investment for investors looking for safety and growth.
The stock has traded very well this year, including a recent breakout out on convincing volume. While earnings estimates continue to drift, the global backdrop seems fertile for a rebound in demand. (Note: For the first time this year businesses saw increases in durable goods spending for three consecutive quarters.) In the United States, building projects from massive infrastructure would provide a spark and there are hundreds of billions in corporate projects that cannot be held back.
IT BECOMES GOOD BUY AROUND 85 to89 dollrs
Monster Profits
Caterpillar (CAT) is the leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. It’s also among the leaders in a laundry list of categories too long to mention. By total assets, the company consistently ranks in the top 50 of the Fortune 500, which, among other advantages, speaks to the company’s viability as a long-term investment for investors looking for safety and growth.
The stock has traded very well this year, including a recent breakout out on convincing volume. While earnings estimates continue to drift, the global backdrop seems fertile for a rebound in demand. (Note: For the first time this year businesses saw increases in durable goods spending for three consecutive quarters.) In the United States, building projects from massive infrastructure would provide a spark and there are hundreds of billions in corporate projects that cannot be held back.
IT BECOMES GOOD BUY AROUND 85 to89 dollrs
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