In today's edition, industrials editor/analyst Brendan Byrnes discusses Caterpillar and the recent end of a strike at its Joliet, Ill., plant. Workers agreed to reduced health care and pension benefits and wage freezes for experienced workers. Caterpillar has historically been tough on unions, and the company certainly played hard ball in this case. It's one of the reasons Caterpillar has been able to improve its margins of late. Check out the video below for more on how the resolution of the strike impacts the company going forward.
Caterpillar is the market share leader in an industry in which size matters, and its quality products, extensive service network, and unparalleled brand strength combine to give it solid competitive advantages. But it's also a cyclical stock, prone to macroeconomic slowdowns and uncertainty. That's why it's crucial to know when to invest in this cyclical company, and when to wait on the sidelines for a better opportunity. One of our top equity analysts answers these question and more in our brand-new research report on Caterpillar. Just click here to access it now.