Why Caterpillar Stock Jumped 11.5% in June
(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.
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Source Fool.com
