#3 - Caterpillar (NYSE:CAT)
Trying to time the market is never a good strategy, but market trends can offer investors clues about when the economy could shift. And the next two stocks in Donald Trump’s portfolio are well-positioned to benefit from the early stages of an economic recovery.
First up is Caterpillar Inc. (NYSE: CAT), best known as a global leader in heavy equipment manufacturing, which has performed well since September 2022, shortly after Congress passed the Infrastructure Investment and Jobs Act.
Two factors are creating long-term demand for Caterpillar’s equipment: Upgrading America's physical infrastructure will take years (if not decades), and more companies are committing to onshoring manufacturing in the United States. Because of this, many investors see Caterpillar as both a symbol and a driver of economic growth. Even if they have to wait for CAT stock to run higher, they have the security of Caterpillar's dividend—which the company has increased for 30 consecutive years, with an impressive three-year annualized growth rate of 8.25%.
About Caterpillar
Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.
More about Caterpillar- Current Price
- $290.87
- Consensus Rating
- Hold
- Ratings Breakdown
- 9 Buy Ratings, 7 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $383.80 (31.9% Upside)
