CA - Caterpillar Q4 Earnings Report: What Investors Need To Know

2024-02-02 09:20:32 ET

Summary

• Caterpillar's stock continues to reach new all-time highs, trading at a cheap valuation compared to other successful stocks.
• The company benefits from macro-trends such as increased construction equipment use, infrastructure investment, and the transition to clean energy.
• Caterpillar's exposure to North America should help it outperform peers with larger exposure to other economic regions with slower growth.

Caterpillar Stock Heading Into Earnings

Caterpillar's stock ( CAT ) soars and soars, hitting almost quarterly new all-time highs. And, yet, compared to many other successful stocks in today's market, Caterpillar shares keep on trading at a rather cheap valuation, with a fwd PE of 14.6 which is below the current S&P 500 PE ratio of 26.6. ...

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