Top Stock to Buy: Caterpillar (CAT) Caterpillar Inc. (NYSE: CAT) manufactures construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. This blue chip has been in a bull market since the stock market bottomed in March 2009. The advance from its bear market low at $22 has been very orderly — defined by the stock’s ability to stay above its 200-day moving average and bullish support line.
In September, CAT broke from a triple-top and began a new march north. Any further weakness could be used as a buying opportunity. S&P has a “four-star buy” rating on CAT with a 12-month price target of $95, which matches our technical target. (more)
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