Here's Why Caterpillar Stock Is Having a Tough Day
Shares in Caterpillar (NYSE: CAT) were down by 3% in today's trading at 3:20 p.m. ET. The decline comes on a bad day for the markets overall and, more importantly, for the commodities that drive orders for its machinery.Caterpillar is well known for its construction equipment and its sales aligning with the construction cycle. And it plays a significant role in mining machinery, gas turbines, generators, solar gas turbines/compressors, and energy storage, with some construction machinery sales supporting energy project investments.The company can be viewed as a play on the commodity supercycle, balanced with construction demand and ongoing infrastructure needs.Continue reading
Shares in Caterpillar (NYSE: CAT) were down by 3% in today's trading at 3:20 p.m. ET. The decline comes on a bad day for the markets overall and, more importantly, for the commodities that drive orders for its machinery.
Caterpillar is well known for its construction equipment and its sales aligning with the construction cycle. And it plays a significant role in mining machinery, gas turbines, generators, solar gas turbines/compressors, and energy storage, with some construction machinery sales supporting energy project investments.
The company can be viewed as a play on the commodity supercycle, balanced with construction demand and ongoing infrastructure needs.