In today's edition, industrials editor and analyst Brendan Byrnes takes a look at Caterpillar and what to expect from the company for the rest of 2012. Caterpillar has had an incredibly volatile 2012; it was the Dow's second biggest gainer at the beginning of the year before succumbing to the bad news from the global economy and falling precipitously over the past few months. Caterpillar is now the Dow's second-worst performing stock this year.
Brendan thinks this pullback creates a buying opportunity for Caterpillar, but he also thinks the stock will continue to be very volatile for the rest of 2012 as the global economy tries to right itself. For long-term investors who can tolerate some short-term volatility, Caterpillar is currently trading at an attractive valuation. Check out the following video for more on what we can expect from the company for the remaining six months of the year.
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