Caterpillar, Inc.: Still Potentially Crawling Forward, Despite Negativity – An Algorithmic Perspective

Summary

  • catCaterpillar Inc., an American corporation devoted to machinery production and sales, is a well-known brand that offers diverse services, is a leader in its industry, and has expanded globally.
  • While Caterpillar has produced dividends growth for the last twenty-one years and is an established name, it has faced downgrading from analysts based on the sliding price of oil.
  • Despite the fact that energy as a whole is facing hardship, Caterpillar is still improving in many ways, and its dividends suffice to keep investors happy for quite some time.
  • I Know First’s algorithm predicts a bullish forecast for Caterpillar in the three-month time frame.
Cat's position on the algorithmic chart, then, indicates a strongly bullish signal for the company in the three months to come. Cumulatively, then, albeit that Caterpillar is indeed facing problems where the energy sector is concerned, the company's dividends growth is promising, and dividends have been paid out in even the worst of economic conditions.

Read the full article on Seeking Alpha