Caterpillar Stock May Be Due for Correction, Trader Warns

Caterpillar stock has been a long-term performer, but according to Tony Zhang, a trader, it may be time to start fading its gains. Zhang recently shared his thoughts on CNBC, suggesting that investors consider reducing their exposure to CAT stock. This comes after the stock's recent run-up in value.

According to Zhang, Caterpillar's strong performance has been driven by factors such as a rebound in global trade and economic growth. However, he warns that the stock may be due for a correction, given its recent price appreciation.