Why Has Caterpillar Stock Soared 184% in the Last 12 Months?
Key takeaways
- CAT NVDA ^GSPC It s always surprising when a long-standing stock in a traditional industry soars in price.
- Let s spend a few moments discussing what s made "the Cat" so popular with the market.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
CAT NVDA ^GSPC It s always surprising when a long-standing stock in a traditional industry soars in price. Several years ago, few investors or analysts would have expected that heavy machinery and vehicle specialist Caterpillar (NYSE: CAT) would be such a title. Yet over the past year, the company s shares have nearly tripled in price, rising far more steeply than the S&P 500 index s 25%.
Talk about a sleeper stock! Let s spend a few moments discussing what s made "the Cat" so popular with the market.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »