DE posted better than expected earnings. Industrial sector has been strong is recent weeks. CAT and DE both are utilizing renewable energy and developing more technologically advanced machinery at a faster pace than previous years. High tech construction and agriculture machinery will eventually become remote-operated and burn less carboniferous fuel combinations.
The benefit of this compared to a newer company is that DE has proven manufacturing capabilities and their management appears to be proactive and shareholder-friendly. ESG is a critical component when considering investing into a company, especially in today's day and age.
Watch for moving average divergence. I would like to see a new ATH, and previous highs serving as forward support.
PT is ~$420.00
The benefit of this compared to a newer company is that DE has proven manufacturing capabilities and their management appears to be proactive and shareholder-friendly. ESG is a critical component when considering investing into a company, especially in today's day and age.
Watch for moving average divergence. I would like to see a new ATH, and previous highs serving as forward support.
PT is ~$420.00