China Stimulus, DET Launch & Trimble JV News Boost CAT: Buy the Stock?
TRMBTrimble(TRMB) ZACKS·2024-10-04 01:46

Caterpillar Inc. (CAT) has been on an impressive upward trajectory recently. Over the past five trading sessions, the CAT stock trended at more than $390 per share, closing at $394.05 yesterday. This is just 1% below its 52-week high of $397.22 reached on Sept. 26. This momentum was fueled by several developments, including China's stimulus measures, BHP Group's (BHP) decision to test the groundbreaking Cat Dynamic Energy Transfer ("DET") system and the extension of Caterpillar's joint venture with Trimble. ...