NYSE:CAT Has broken a previous resistance at $285 and looking to make new all time highs. From here we are going into uncharted territories but targeting $345 #Bullish
NYSE:CAT will continue to be a strong performer as it is well aligned with key global trends favoring infrastructure development and economic recovery. With governments worldwide allocating substantial budgets to construction and mining projects, Caterpillar stands to gain significantly as a leading provider of heavy machinery. As the global economy rebounds from the COVID-19 pandemic, the demand for Caterpillar's diverse range of construction and mining equipment is poised to rise.
Caterpillar's strong position in the mining industry boom, coupled with its history of returning value to shareholders through dividends and buybacks, makes it an attractive investment for those seeking exposure to the industrial and construction sectors.