How much a stock's price changes over time is important for most investors, since price performance can both impact your investment portfolio and help you compare investment results across sectors and industries.
Another factor that can influence investors is FOMO, or the fear of missing out, especially with tech giants and popular consumer-facing stocks.
What if you'd invested in Caterpillar (NYSE: CAT) ten years ago? It may not have been easy to hold on to CAT for all that time, but if you did, how much would your investment be worth today?
Caterpillar's Business In-Depth
With that in mind, let's take a look at Caterpillar's main business drivers.
Caterpillar, known for its iconic yellow machines, is the largest global construction and mining equipment manufacturer. Given that it serves a gamut of sectors - infrastructure, construction, mining, oil & gas and transportation, the company is considered a bellwether of the global economy.
Since 1925, Caterpillar's product portfolio has evolved and boasts 20 brands and generated revenues of $67 billion in 2023. It has more than 4 million products with an extensive dealer network of 156 dealers spanning 190 countries.
Caterpillar started using telematics in the 1990s and reached its ...
