2024-07-21 00:16:10 ET
Summary
- On July 18, Bespoke data revealed a shift in the S&P 500: while the top ten stocks fell 5.6%, the remaining 490 rose 3.7%, highlighting a market-broadening trend.
- Caterpillar stands out, boasting improved profitability, steady service revenue, and strategic tech integrations. Its diverse market exposure bolsters resilience.
- Despite global challenges, CAT's robust free cash flow, consistent dividend growth, and strong dealer network make it a solid investment. I remain bullish on its long-term prospects.
Introduction
On July 18, I saw a very interesting table from Bespoke . According to their data, the ten largest stocks in the S&P 500 lost 5.6% on a one-week basis.
The remaining 490 stocks of the index rose by 3.7%!
X (@bespokeinvest)
Moreover, that week included a day on which the S&P 500 was down more than 1% while more than half of its holdings were up. This hasn't happened since April 2000, more than 24 years ago....
Read the full article on Seeking Alpha
For further details see:
Why I Remain Bullish On Caterpillar Dividends