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Why Caterpillar’s Stock Is Soaring

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With a history that dates back more than 100 years, Caterpillar went from a small tractor company with a single product to an international brand that stocks job sites worldwide with massive and distinctively mustard-colored equipment. As of 2021, Caterpillar was a high-flying stock as it hit a record of $197.54 on January 12, 2021. With commodity prices rising again, investors are betting that one of the world’s premiere names in industrial equipment will benefit from a new presidential administration, one that might push new infrastructure initiatives.

Correction (February 11, 2021): At 00:30 we misstated the date and stock price for CAT’s all time high. The correct date is January 13, 2021 and the price was $200.17.

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Why Caterpillar’s Stock Is Soaring
Category
Tech
Tags
CNBC, business, news
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