Deere and Caterpillar —industry leaders widely known for the big machines they make—are connected in another way. Institutional investors often buy stock in one and sell the other, depending on how the economy looks. Right now, Deere stock is the more popular choice.
Solid backlog levels and expected benefits from its strategic initiatives make Caterpillar (CAT) stock worth holding on to at the moment.
We recently prepared a comprehensive report of the 11 Largest Heavy Equipment Manufacturers in the World. In this free report, we have discussed each company in detail. Click here to see the free report. For context, Heavy-duty equipment is a specific category of machinery used for heavy-duty work, such as construction, forestry, mining, and industrial […]