1 Key Number That Could Send Caterpillar Stock Higher

The company is exceeding its own expectations in 2024.Long-term investors in Caterpillar (CAT 0.62%) already know it's a cyclical company whose revenue and profit margins bounce around with its end markets. That knowledge won't stop traders from trying to guess the timing of the cycle. That's fair enough, but longer-term investors will want to focus on the key things that can change Caterpillar's long-term value, so here's a look at one of them.Caterpillar's cyclical revenue, margins, and earningsFirst, a g ...