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Why Caterpillar Stock Jumped 11.5% in June

TheMotleyFool

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Why Caterpillar Stock Jumped 11.5% in JunePhoto, wide shot, wide-angle lens, soft focus, Quarry, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-YQuR80w6IvxjemEoWYDXbEZo.png?st=2023-10-15T10%3A03%3A37Z&se=2023-10-15T12%3A03%3A37Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-10-14T14%3A03%3A01Z&ske=2023-10-15T14%3A03%3A01Z&sks=b&skv=2021-08-06&sig=/3q45HS%2B7KQiNIRh0W63diwmt7u%2BeQQMkMTkhvmYMtE%3D

(NYSE: CAT) stock handily outperformed the markets in June, rallying 11.5%, according to data provided by S&P Global Market Intelligence. The Dow Jones Industrial Average (DJINDICES: ^DJI) and the S 500 (SNPINDEX: ^GSPC), meanwhile, gained 4.9% and 4.3%, respectively.

Tailwinds were aplenty for shares of the mining and construction equipment giant, including a dividend hike, multiple analyst ratings upgrades, and a trade truce between the U.S. and China.

Image source: Getty Images.

Source Fool.com