Caterpillar: Sell The AI Exuberance

Core Viewpoint - The analyst has been bearish on Caterpillar Inc. (CAT) this year but acknowledges that the stock has rallied approximately 40% since the initial bearish stance [1]. Group 1 - The analyst's focus is primarily on the tech sector, indicating a potential lack of alignment with Caterpillar's core business, which is in heavy machinery [1]. - The analyst holds a Bachelor of Commerce Degree with Distinction, majoring in Finance, which adds credibility to their analysis [1]. - The analyst emphasizes core values of Excellence, Integrity, Transparency, and Respect, suggesting a commitment to ethical analysis and reporting [1].