Why a Coronavirus Vaccine Could Send Shares of Caterpillar to a New All-Time High
Shares of industrial equipment manufacturer Caterpillar (NYSE: CAT) soared to a new intraday all-time high of $176.37 per share on Monday as the market celebrated the effectiveness of the new coronavirus vaccine candidate from drugmakers Pfizer and BioNTech.
Hope for the widespread distribution of a successful vaccine is a strong tailwind for the broader markets, but it has particular benefits for Caterpillar. Here's why.
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Source Fool.com
