Reasons to Hold Caterpillar (CAT) Stock in Your Portfolio Now
Caterpillar(CAT) ZACKS·2024-05-30 15:02
Caterpillar Inc. (CAT) has been benefiting from improving demand in its end markets and cost-control efforts, which are reflected in its 13-quarter stint of earnings growth. This is impressive considering the inflationary pressures and supply-chain snarls faced by the company as well as the industry at large through this period.CAT’s solid backlog and upbeat outlook for its segments position it well for improved results. The company’s ongoing investments in expanding its offerings and services as well as in ...