Caterpillar Will Give You $500 Per Month As The Stock Hits All-Time Highs: Here's How
Portfolio Pulse from AJ Fabino
Caterpillar Inc's (NYSE:CAT) stock reached an all-time high of over $287 following a strong quarterly report. The company reported earnings of $5.55 per share, surpassing the $4.58 Street estimate, and revenues of $17.32 billion, beating the $16.49 billion consensus estimate. Caterpillar's backlog increased to $30.7 billion. The company, which currently has a 1.82% dividend yield, is attracting income investors with its dividends.
August 04, 2023 | 10:18 am
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POSITIVE IMPACT
Caterpillar's strong quarterly report and increasing backlog could boost investor confidence, potentially driving the stock price higher. The company's attractive dividend yield could also draw income investors, providing additional support for the stock.
Caterpillar's strong quarterly report, which beat Street estimates, and its increasing backlog indicate a positive outlook for the company. This could boost investor confidence and drive the stock price higher. Additionally, the company's attractive dividend yield could draw income investors, providing additional support for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100