This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Caterpillar Is Ready to Roll: Opinion

NEW YORK ( TheStreet) -- When I think of Caterpillar (CAT - Get Report), the lyrics of James Taylor's Steamroller Blues come to mind: "I'm a steamroller baby, I'm bound to roll all over you."

When the global economy gets its act together, no other company will be so well poised to take advantage of all the new infrastructure construction that will take place.

The market hasn't been kind to the big CAT lately, but I think the stock has bottomed out.

The last earnings report was a little better than expected, and recently the stock seems to have reached a support level and started to inch up.

You can see this in the first chart below (from, which shows the hourly trading activity over the last month.

In the past six months the stock hasn't kept pace with the rest of the market as measured by the Value Line index. While the index is up about 1%, Caterpillar shares were down 18%. See the second chart below.

Caterpillar makes and sells construction and mining equipment, as well as systems for electric power generation and rail-related products and services. Caterpillar also provides financing services for its customers.

The company was founded in 1925, and its headquarters are in Peoria, Ill.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
CAT $77.72 0.00%
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs