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Msg  130 of 135  at  9/21/2021 3:37:24 PM  by

moveuplots


buy recommend

Think this analysis has it right.
 
MUL
 
 

Why This Investor Is Buying More Caterpillar Stock

12:47 pm ET September 21, 2021 (Benzinga) Print

Stephanie Link, chief investment strategist and portfolio manager at Hightower Advisors, tries to buy low and sell high and Caterpillar Inc (NYSE: CAT) presents an opportunity to buy low, she said Tuesday on CNBC's "Fast Money Halftime Report."

What To Know: Caterpillar is down more than 25% from its highs and Link thinks "demand is going to be off the charts."

The stock is a restructuring and rising free cash flow story so margins should hold and the company is going to generate free cash flow of $1 billion this year, Link said.

Caterpillar is buying back $2 billion worth of stock, she noted. The stock is trading at a discount to the market at 19 times earnings and offers a more than 2% dividend yield.

Related Link: Price To Earnings Ratio Insights For Caterpillar

Why It's Important: Caterpillar's strong fundamentals show that pullbacks should be viewed as buying opportunities, she said.

"That is a good story to me," Link said. "That means when the stock breaks, that's a buying opportunity."

Link bought more Caterpillar stock as the broader markets sold off yesterday.

CAT Price Action: Caterpillar has traded as high as $246.69 and as low as $142.73 over a 52-week period.

 
 
 


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