Caterpillar (NYSE: CAT): Appears Headed for Bear Market Territory -- Sell Now

When you think of stalwart mega-cap industrial stocks, Caterpillar (NYSE: CAT) certainly is one that comes to mind. The earth-moving equipment blue chip, Dow component, and long-time bellwether for the global economy, has been a big winner for investors and traders over the years, and for good reason.

During the past decade, there's been a huge infrastructure buildup in the emerging markets of Asia, especially China, and Russia, India and Brazil. The massive demand for heavy-duty construction equipment has made the iconic brand a mainstay on big building projects in nearly every corner of the globe.

Recently, however, demand for Caterpillar's products has waned, and that's caused a marked slowdown in the company's earnings growth, as well as a significant decline in CAT shares. (more)

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