Reported 7 months ago
Caterpillar (NYSE: CAT) is a leading company in heavy machinery for construction, mining, and energy sectors. Patient investors who invested $10,000 in Caterpillar stock five years ago would have nearly tripled their money, making it worth almost $29,000 today, including dividends. Caterpillar's consistent growth in sales and cash flow, along with a record-breaking year in 2023, enhances its value as a strong long-term investment despite expecting flat sales in 2024.
Source: YAHOO