5 Best US Stocks to Invest In for Long Term

4. Caterpillar Inc. (NYSE:CAT)

Number of Hedge Fund Holders: 86

On April 15, Morgan Stanley raised its price recommendation on Caterpillar Inc. (NYSE:CAT) to $430 from $425. It kept an Underweight rating on the shares. The firm said that within machinery and construction, it prefers “idiosyncratic stories where we see opportunity for improving sentiment in spite of macro risk to earnings” as it heads into what it described as “an otherwise low conviction” Q1 reporting period.

On April 14, Bloomberg reported that Caterpillar has acquired self-driving electric tractor startup Monarch Tractor, citing people familiar with the matter. Monarch, often called the “Tesla of agriculture,” had faced challenges while scaling its business and recently laid off staff. The startup said in a LinkedIn post that its technology had been acquired by “a large global equipment manufacturer,” though it did not name the buyer. The individuals cited in the report were not authorized to speak publicly, and Caterpillar and Monarch did not respond to requests for comment.

Caterpillar Inc. (NYSE:CAT) manufactures construction and mining equipment, along with off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. Its operations are organized across Construction Industries, Resource Industries, and Power & Energy. The company also offers financing and related services through its Financial Products segment.