Where Will Caterpillar Stock Be in 1 Year?

Predicting where cyclical companies will be in a year is difficult, but that doesn't mean investors can't look at various scenarios before deciding whether to invest. In the case of Caterpillar (CAT 0.46%), management's outlook for 2024 implies that its sales, profit, and cash flow may have peaked. However, its end markets may have different ideas.Slowing growthGiven the cyclicality of its revenue and earnings (meaning they vary greatly depending on growth conditions, notably in non-residential construction ...