Investor Michael Burry has taken a bearish position against Caterpillar, shorting its shares at $1,060.98, citing the stock as overvalued amid the AI investment boom. Caterpillar's shares surged 86% in the first half of 2026, driven by its perceived role in global AI infrastructure. Burry also shorted Nvidia, Applied Materials, Tesla, and the iShares Semiconductor ETF, expressing concerns about inflated semiconductor valuations reminiscent of the dot-com bubble. He warns that the current rally, fueled by big spending announcements from Korea, may be nearing its end.
The Gabelli Growth Innovators ETF (GGRW) declined by 7.6% in the first quarter, lagging behind the S&P 500's 4.4% loss. The fund initiated new positions in companies like American Express, Booking Holdings, and Caterpillar, while its top contributors...
Dividend Aristocrats recovered in June after a weak May, now outperforming the SPY index year-to-date with a 9.61% return versus SPY's 6.91%. Caterpillar (CAT) leads the group with a remarkable 76.98% gain in 2026. Among the 69 Dividend Aristocrats, ...
