Can we just stop and appreciate whatever fever dream CAT is living through? Look at that price chart: from barely 300 ish last April to 790.66 now. That's not a stock, it's a bulldozer with nitro. I keep waiting for someone to unplug the cheat codes, but nah, just pure up only vibes. Everyone on FinTwit is screaming "bubble" but also quietly buying in. Love to see it.
Okay, so I'm not calling the top yet. Heavy equipment demand is still there (if you believe the infrastructure spend hype) and CAT is basically the only name normies know when you talk construction. The margins are fattening up, not melting. Plus, with any sort of global recovery, CAT’s exposure to all the big projects puts it right in the sweet spot.
Still, it's gotten a little vertical lately. I'm going bullish but, like, with a side of "don't YOLO your rent money." My target is 936.79, which is a ridiculous number but hey, that's only a 20 percent rip from here and this stock already did 2x in a year. If CAT beats big on next earnings and guides up again, that's all she wrote. Shorts will get rolled, again.
If you want a risk? It's simple: if infrastructure spending gets cold feet, or if CAT’s order book suddenly gets light, the hype train could go off the rails fast. CAT’s not immune to macro rug pulls. But I'm holding on for at least another 12 weeks. This thing still has meme potential, and those who fade it keep getting steamrolled. LFG.
