How Caterpillar Became a Butterfly

Based on monthly closes only, Caterpillar gained 85% from its April 2025 low through its December 2025 settlement. Caterpillar also extended its string of year-over-year gains to 7, dating back to a lower annual close at the end of December 2018. Through the first 6 weekly closes of 2026, Caterpillar had added another 28%. As I mentioned last time, trade in commodities isn’t for everyone, yet many long-term investors want to be able to take part in the meteoric rallies we’ve seen in a number of se ...