Ken Fisher Stock Portfolio: 12 Best Stocks to Buy

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10. Caterpillar Inc. (NYSE:CAT)

Fisher Asset Management’s Stake Value: $4,503,913,348

Number of Hedge Fund Holders: 70

Caterpillar Inc. (NYSE:CAT) is among the Ken Fisher Stock Portfolio.

On January 29, 2026, Bloomberg reported that solid demand for power generation equipment used in AI data centers helped Caterpillar Inc. (NYSE:CAT) achieve fourth-quarter results that exceeded Wall Street projections. The company said its power and energy section, which is now its largest and fastest-growing business, achieved a 25% profit rise over the previous year. An increase in sales of power-generating machinery balanced lower profitability in the firm’s conventional divisions. It sells heavy-duty machinery to the construction and resource industries.

On January 27, 2026, TheFly reported that Jefferies reaffirmed its buy recommendation for Caterpillar Inc. (NYSE:CAT) and increased its price objective from $700 to $750. The firm said the fourth-quarter earnings outlook appeared to be cautious, noting steady volume and margin improvement throughout both segments. Investors already understand the corporation’s power generation story, according to Jefferies. However, the company further stated that acceleration in other industries might push the shares higher and justify the higher valuation estimate after the earnings release.

Caterpillar Inc. (NYSE:CAT) produces industrial gas turbines, diesel-electric locomotives, off-highway diesel and natural gas engines, and mining and construction equipment.

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