Here's Why Caterpillar Stock Fell in the Last 3 Months
Welcome to the wonderful world of highly cyclical stocks! Just as their earnings tend to oscillate wildly, so do their stock prices. That's particularly the case with equipment machinery manufacturer Caterpillar (NYSE: CAT). The stock started 2021 on a powerful note, but it's down more than 9% over the last three months. So what's going on, and is the dip a buying opportunity?
There are probably three key reasons:
These bearish points received some support from the recent second-quarter earnings.
Source Fool.com
