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Cat Predicts a Growth Soon

Caterpillar Inc. (CAT) is getting prepared to grow in the few years to come. Recently, it saw good sings which it hopes to linger. The stocks of the construction machinery and equipment company saw a record high of $203.29 on February 16. With an increase in goods prices, construction development, and most importantly, a possible infrastructure transformation in Washington policies, it expects to see further benefits soon. Nearly, one decade ago, the Illinois-based company bet hugely to further develop its mining equipment as commodities prices went up. Conversely, prices went down and it suffered low sales. Ever since the company aims to grow by restructuring and producing new products such as Telematics software, unmanned vehicles and teleoperated equipment. Samira H.
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By Samira Hassanzadeh on October 19, 2021


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