Caterpillar is positioned for sustained growth driven by increasing demand for data center construction and power infrastructure. The company plans to expand its engine capacity threefold and turbine capacity 2.5 times by 2030, aiming to boost recurring revenue from primary and standby power solutions. This strategy leverages a multi-year backlog for industrial gas turbines and addresses power supply shortages faced by utilities. Analyst Michael Del Monte recommends buying Caterpillar shares with a price target of $1,145, citing strong industry trends and solid financial outlooks.
The Trump Ballroom Tracker, an index tracking companies donating to Trump's ballroom project, has gained about 26% in 2026, outperforming the S&P 500's 10.82% rise by 15.18 percentage points. Key contributors include Micron Technology with a 352.5% r...
The US government will reduce tariffs on imported agricultural and manufacturing machinery from 25% to 15% starting next Monday, easing costs for companies like Carrier Global, Caterpillar, Deere, AGCO, and CNH Industrial. This tariff cut is expected...
