9 Good Stocks to Buy Now

​7. Caterpillar Inc. (NYSE:CAT)

Number of Hedge Fund Holders: 86

Caterpillar Inc. (NYSE:CAT) is one of the Good Stocks to Buy Now. On March 10, Caterpillar Inc. (NYSE:CAT) was reiterated with a Buy rating from Bank of America Securities and a price target of $825.

​The analyst noted that he co-hosted a call with Williams Companies CEO Chad Zamarin. The discussion implied a positive outlook for Caterpillar due to Williams’ role as a major energy infrastructure player operating single-cycle turbines. Williams Companies noted that the incremental demand for turbine capacity remains strong, driven by strong growth prospects and elevated capital expenditure.

​This benefits Caterpillar as the turbine unit is a high-margin unit for the company, and the strong demand trends signal long-term earning power for the company. Moreover, Feniger noted positive commentary on long-term service agreements in the turbine sector, based on BofA’s checks over the past 10 months.

​Caterpillar Inc. (NYSE:CAT) is a global manufacturer of construction, mining, and energy equipment. The company offers financing solutions, engines, and turbines, and integrates AI, autonomy, and connectivity to improve productivity in the infrastructure, industrial, and power markets.