Is it reasonable to assume that so goes Crude Oil, so goes Caterpillar? Perhaps it is, or perhaps not, but the price charts of these two economic giants do show a fair degree of correlation. 1/16/15
Caterpillar has looked to capitalize on the rise of energy by shifting its strategic focus. Although Caterpillar still remains committed to the construction-equipment market, it has also identified the energy and transportation segment as a potential answer to its growth problems. As recently as just a few months ago, Caterpillar's focus on energy looked like a viable way for the equipment maker to temper the cyclical volatility of its construction- and mining-equipment businesses, with the company pointing to predictable expectations of massive growth in the sector during the next 30 years. read more here... http://www.fool.com/investing/general/2014/12/29/this-move- might-just-have-crushed-caterpillars-fut.aspx1/17/15