Stock Picks: Dig Deeper Caterpillar (CAT)

August 10, 2020, 8:41 pm EDT

Stock Picks: Dig Deeper Caterpillar (CAT)

All major heavy equipment makers had a strong day today: CAT +3%, DE +3%, PCAR +2%, CMI +5%, WAB +4%, OSK +3%. Industrial (XLI) +2.5% also performed very well today in sector performance. Among variety commercial vehicles or equipment makers, Caterpillar may be the most important maker of all because its portfolio covers wide industries:

  • Home builder
  • Mining
  • Energy
  • Construction
  • Infrastructure

Technical chart also shows bullish setup and breakout potential. Entry point is 142 with sell-stop 132. 

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