Is Caterpillar the Best Industrials Stock to Buy Right Now?
The demand from the AI build-out has helped diversify Caterpillar's business.
Overview
The construction and heavy machinery company Caterpillar (NYSE: CAT) recently delivered one of its strongest quarters in history. A beneficiary of the artificial intelligence (AI) build-out, Caterpillar could potentially be the best industrials stock in the market right now.
Caterpillar's revenue in the second quarter of 2026 increased 24% to $20.5 billion from the previous year. The company's backlog is what really makes Caterpillar one of the best, if not the best, industrials stocks to buy right now.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.