Caterpillar
CAT
CAT stock has shown strong gains of 35% from levels of $180 in early January 2021 to around $240 now, vs. an increase of about 15% for the S&P 500 over this roughly 3-year period. However, the increase in CAT stock has been far from consistent. Returns for the stock were 14% in 2021, 16% in 2022, and 0% in 2023. In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 14% in 2023 – indicating that CAT underperformed the S&P in 2021 and 2023.
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