Caterpillar reported fiscal year 2023 first-quarter earnings results in late April.
Caterpillar (CAT -0.11%) is thriving as a result of rising demand for its equipment, which allows it to sell at higher prices. Finance professor and Fool.com contributor Parkev Tatevosian updates his recommendation on Caterpillar stock.
*Stock prices used were the afternoon prices of April 28, 2023. The video was published on April 30, 2023.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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