5 Best US Stocks to Buy Now

3. Caterpillar Inc. (NYSE: CAT)

Number of Hedge Fund Holders: 53

Caterpillar Inc. (NYSE: CAT) is an Illinois-based firm that markets machinery, engines, financial products, and insurance. It was founded in 1925 and is ranked third on our list of 10 best US stocks to buy now. The firm is one of the world’s largest industrial equipment makers and posted more than $41 billion in annual revenue in 2020. Some of the equipment the company makes and sells include asphalt pavers, compactors, cold planers, motor graders, pipelayers, road reclaimers, telehandlers, and utility vehicles, among others. 

On April 29, Caterpillar Inc. (NYSE: CAT) posted earnings results for the first quarter of 2021, reporting earnings per share of $2.87, beating market estimates by $0.93. The revenue over the period was over $11 billion, up close to 12% year-on-year. 

Out of the hedge funds being tracked by Insider Monkey, Washington-based firm Bill & Melinda Gates Foundation Trust is a leading shareholder in Caterpillar Inc. (NYSE: CAT) with 10 million shares worth more than $2.3 billion. 

Just like Amazon.com, Inc. (NASDAQ: AMZN) and Tesla, Inc. (NASDAQ: TSLA), Caterpillar Inc. (NYSE: CAT) is one of the best US stocks to buy now.