Even though the mining and construction markets stubbornly refuse to get
better as quickly as analysts want them to, there's still a “want to
believe” trade alive and well in Caterpillar (NYSE:CAT)
shares. In other words, investors know that this company is built to
withstand the ups and downs of the very cyclical construction, mining,
and energy markets, and there's a definite interest in trying to buy low
ahead of the recovery. Although the recovery looks a little further
away now after the second quarter and Caterpillar shares aren't exactly
cheap, they are a quality vehicle for playing those eventual recoveries
in construction, energy, and mining.
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http://www.investopedia.com/stock-analysis/072413/caterpillars-numbers-look-ugly-was-expected-cat-joy-itw-de.aspx
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