2 Construction & Mining Equipment Stocks to Watch Despite Industry Challenges
Caterpillar(CAT) ZACKS·2024-11-13 03:06
The Zacks Manufacturing - Construction and Mining industry faces challenges due to the ongoing contraction in manufacturing activities and declining orders due to low customer spending. Elevated input costs pose concerns. Increased infrastructure investment in the United States and demand from the mining sector, driven by the energy transition trend, are expected to buoy the industry. Caterpillar Inc. (CAT) and Komatsu (KMTUY) are poised to benefit from these trends. These companies’ emphasis on introducing ...