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Caterpillar is poised to break out

I'm reiterating my Buy rating for Caterpillar (NYSE: CAT), first recommended on April 13, 2009 at a price of $33.02. If you purchased CAT at that time, you're up a solid 41%.

Back in April, I put CAT in the not-for-the-squeamish category, due to the uncertain timetable for the U.S./global recoveries: the upside was always there, but so was the potential for a 30% hair cut.

Continue reading Caterpillar is poised to break out

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IndexesChangePrice
DJIA-74.9212,454.83
NASDAQ-1.852,837.53
S&P 500-2.861,317.82

Last updated: May 27, 2012: 11:32 AM

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