Caterpillar (CAT) Is Up 2.03% in One Week: What You Should Know

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Caterpillar (CAT) - Caterpillar currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance [2][3] - The stock has shown a price increase of 2.03% over the past week, outperforming the Zacks Manufacturing - Construction and Mining industry, which rose by 0.66% [5] - Over the last month, CAT's shares increased by 13.13%, significantly higher than the industry's 4.7% performance [5] - In the past quarter, CAT shares rose by 38.97%, while the S&P 500 only increased by 16.04% [6] - Year-to-date, CAT's shares are up 12.22%, compared to the S&P 500's 12.11% [6] Trading Volume - The average 20-day trading volume for CAT is 2,584,124 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the last two months, 2 earnings estimates for CAT have been revised upwards, while 1 estimate was revised downwards, leading to an increase in the consensus estimate from $18.73 to $18.80 [9] - For the next fiscal year, 4 estimates have moved upwards with no downward revisions, indicating positive sentiment [9] Conclusion - Given the positive momentum indicators and earnings outlook, CAT is positioned as a strong buy candidate for investors seeking short-term gains [11]