After a strong recovery bounce for the semiconductors and most other names tied to the AI trade that Dr.
Here is how Caterpillar (CAT) and Gorman-Rupp (GRC) have performed compared to their sector so far this year.
Caterpillar, Mercury General, and Zebra Technologies each posted impressive Q2 results that could warrant a closer look from investors seeking quality additions to their portfolios.
Caterpillar (NYSE:CAT | CAT Price Prediction) just did something it has never done in its 100-year history.
Caterpillar raises its 2026 sales outlook as record backlog, stronger segment demand and added power capacity support higher second-half growth.
On Tuesday, August 4, 2026, the S&P 500 rose 1.79% to close at 7,737, its first record high in two months, while the Nasdaq surged 2.6% and the Dow crossed 54,000.
Caterpillar is riding AI infrastructure momentum with record backlog and raised guidance, but valuation risk is acute. CAT trades at over 30x forward earnings and a 3.2% FCF yield, both unattractive versus risk-free assets and sector medians. Despite strong fundamentals, CAT's valuation leaves no margin of safety; mean reversion could drive negative medium-term returns.
Caterpillar Inc. (CAT) Q2 2026 Earnings Call Transcript
Caterpillar NYSE: CAT reported record second-quarter sales and revenues of $20.5 billion, up 24% from a year earlier, as demand increased across its Construction Industries, Resource Industries and Power & Energy segments. The company said it was the first quarter in its history with more than $20 billion in sales and revenues.
The artificial intelligence infrastructure boom helped construction equipment and engine manufacturer Caterpillar surpass $20 billion in sales and revenues in a single quarter for the first time in the company's history. Caterpillar's second-quarter sales and revenues increased 24% year over year and reached $20.5 billion, according to a Tuesday (Aug. 4) earnings press release.
Caterpillar tops Q2 estimates as higher equipment demand and pricing drive its first-ever quarterly revenues above $20 billion.
Caterpillar's blockbuster second quarter is sending its stock—and the Dow Jones Industrial Average—sharply higher this morning.