April 16, 2022, 9:18 pm EDT
How to build a better world? Caterpillar Inc (CAT) will tell you to buy a digger that you use for construction, resources, and energy. There is no doubt that you may dig out gold, silver, steel, copper, crude oil, natural gas, or building infrastructure, houses, or commercial buildings which are very valuable for the future.
In this ultrahigh inflation era and a trillion-dollar infrastructure project, CAT could become a necessary piece for companies who want to participate in this domain.
Backing up by its 27% EPS growth and 23% sales growth in its most recent quarterly earnings, CAT has a solid fundamental for its 122 billion market capitalization size.
Technically, we can easily see CAT is ready to break out at 227 level from a cup-with-handle pattern. It forms a low-risk entry point as shown.
Please note that the next earning date is 04/28/2022.