Is Caterpillar Stock a Buy?

Daniel Foelber, The Motley Fool
·5-min read
Is Caterpillar Stock a Buy?

Shares of construction giant Caterpillar (NYSE: CAT) continue to surge higher. In fact, its 2020 performance was pretty terrible and included one of the company's worst quarters in history. Instead, Caterpillar's fresh all-time high is based on future performance and the expectation that the company will be a big beneficiary from a 2021 bull market, infrastructure stimulus, higher oil prices, and other post-pandemic tailwinds.