Where Will Caterpillar Go Next?
T = Trends for a Stock’s Movement
Caterpillar is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates in two segments: Machinery and Power Systems, and Financial Products. Infrastructure investment is increasing around the world, in particular, in developing countries. A global supplier of industrial equipment, like Caterpillar, is poised to see rising profits from this trend. As long as countries continue to grow and develop, Caterpillar will provide the tools essential to create this progress.
In trading on Friday, shares of Caterpillar crossed above their 200 day moving average of $85.26, changing hands as high as $85.38 per share. Caterpillar Inc. shares are currently trading up about 1% on the day.