Better Buy: Boeing vs. Caterpillar
It's fair to say that 2020 has been a nightmare year for both Boeing (NYSE: BA) and Caterpillar (NYSE: CAT). The aerospace giant simply can't seem to catch a break. If it isn't the protracted process of getting a return-to-service authorization for the 737 MAX, it's the COVID-19 pandemic threatening a multiyear slump for the commercial aviation industry. Meanwhile, the heavy equipment powerhouse, which had been anticipating a sales recovery this year, has seen those hopes laid waste by the pandemic.
Both stocks have been sold off heavily -- Boeing has lost more than 60% of its value in 2020, and Caterpillar is down by about 30% year to date. Which looks like the better buy now?
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Source Fool.com
