The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
In its second-quarter 2026 investor letter, Barometer Capital Management highlighted Caterpillar Inc. (NYSE:CAT) as a notable contributor. Caterpillar Inc. (NYSE:CAT) is a leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. On September 09, 2026, Caterpillar Inc. (NYSE:CAT) closed at $815.56 per share. Over the past month, Caterpillar Inc. (NYSE:CAT) declined 4.57%, but its shares are up 89.06% over the past year. Caterpillar Inc. (NYSE:CAT) has a market capitalization of $374.89 billion, and its stock has traded within a 52-week range of $423.32 to $1,073.46.
Barometer Capital Management stated the following regarding Caterpillar Inc. (NYSE:CAT) in its Q2 2026 investor letter:
"Industrials were a key contributor, led by Caterpillar Inc. (NYSE:CAT). Caterpillar benefited from broad-based demand across construction and mining tied to the resource cycle, as well as a growing contribution from its energy and transportation business, where engines and gensets used for data center power have become an important source of growth."
Caterpillar Inc. (NYSE:CAT) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. According to our database, 84 hedge fund portfolios held Caterpillar Inc. (NYSE:CAT) at the end of the second quarter, down from 87 in the previous quarter. While we acknowledge the potential of Caterpillar Inc. (NYSE:CAT) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.