Caterpillar's stock, down 14%, offers investment potential with energy transition exposure and tech adoption.
Caterpillar (NYSE: CAT) stock, down 14% from its all-time high, is a potential entry point for long-term investors. The company's exposure to energy transition and use of technology boosts its investment case. Caterpillar's machinery, energy, and transportation businesses, and finance arm contribute to its energy transition relevance, while tech adoption drives less cyclical services revenue growth.
June 15, 2024
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