One of the stock markets darling large-cap stocks has been Caterpillar Inc. (NYSE/CAT), up until recently. The stock hit a new record high of $116.55 around May of this year, retreated to the $95.00 per share level and fought its way back to $110.00. The stock then fell off a cliff in mid-July and is now trading between $75.00 and $80.00 a share.
This is a stock that in my view should be trading for a much higher price. It likely would be if it werent for all the confidence problems in Europe and talk of a global recession. Right now, Caterpillar is very well valued and Street analysts are increasing their forecasts for 2012. No doubt, good timing is everything in equity investing. I think Caterpillar is a stock to keep an eye on here; its due for some advancement now.
This is a stock that in my view should be trading for a much higher price. It likely would be if it werent for all the confidence problems in Europe and talk of a global recession. Right now, Caterpillar is very well valued and Street analysts are increasing their forecasts for 2012. No doubt, good timing is everything in equity investing. I think Caterpillar is a stock to keep an eye on here; its due for some advancement now.