In the past month, Caterpillar (NYSE: CAT) stock has soared 30%, including a 15% run from Oct. 24 to Oct. 28. A combination of factors, including the stock being too beaten down, broader market optimism, and most importantly, an incredibly strong earnings report, is the reason for the recent outperformance from Caterpillar stock.
The questions now are whether the recent climb is justified and if Caterpillar stock has more room to run.
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Up 30% in 1 Month, Does This Dividend Aristocrat Have More Room to Run?