The analyst predicts Caterpillar (CAT) stock will drop hard and reach $579, aligning with a bearish view.
CAT is in a parabolic move, not cheap, margins are stretched, and the stock was chased, indicating a likely sharp decline.
$CAT down -6.5% and below $1000 again See you at $579
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | -2.8% | -2.7% |
| 1 week | -4.4% | -4.3% |
| 1 month | -17.8% | -18.0% |
| 3 months | — | — |
| 6 months | — | — |