Caterpillar (CAT) stock has been on the receiving end of a nasty sell-off that has dragged it down 20% from its May 2021 peak. The manufacturer of heavy-duty machinery was overdue for a pullback after its incredible rally out of its 2020 lows. Yet, the selling pressure has likely become overblown with the Evergrande (EGRNF) situation that put the crosshairs on China-reliant companies like Caterpillar. As such, I am bullish on CAT stock amid its latest move further into bear market territory.
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Caterpillar (NYSE:CAT)
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Caterpillar (NYSE:CAT)
Gráfica de Acción Histórica
De Oct 2020 a Oct 2021 Haga Click aquí para más Gráficas Caterpillar.