5 Best Reopening Stocks to Buy Now

Page 1 of 5

In this article, we discuss the 5 best reopening stocks to buy now. If you want to read our detailed analysis of the reopening stocks, go directly to the 15 Best Reopening Stocks to Buy Now.

5. Caterpillar Inc. (NYSE: CAT)

Number of Hedge Fund Holders: 62

Caterpillar Inc. (NYSE: CAT) is an American manufacturer of construction and mining equipment. The company operates through three main segments; Construction Industries, Resource Industries, and Energy and Transportation.

In Q2 2021, Caterpillar Inc. (NYSE: CAT) saw growth in sales in all segments, with Construction and Resource industries reporting a 40% year-over-year growth. This growth was mainly driven by the resumption of construction activities. According to Citi Group, Caterpillar Inc. (NYSE: CAT) would benefit heavily from Joe Biden’s $2 trillion infrastructure plan as the company has a significant market share in heavy construction equipment. Recently, Baird raised its price target on Caterpillar Inc. (NYSE: CAT) to $270, with an ‘Outperform’ rating on the shares. Caterpillar Inc. (NYSE: CAT) gained 54.5% in the past year.

As of Q2 2021, the hedge funds having positions in Caterpillar Inc. (NYSE: CAT) increased to 62 from 53 in the previous quarter. The total value of the stakes is $5.2 billion.

Page 1 of 5