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Caterpillar Stock Gains on Infrastructure Bill. It’s 1 of 4 ‘Fresh Picks.’
Caterpillar and other machinery stocks made gains early Monday, after the House of Representatives passed a $1.2 trillion infrastructure bill at the end of last week.
Heavy-equipment manufacturer Caterpillar (ticker: CAT) was one of the biggest risers in Monday trading, jumping more than 4% as the bill paved the way for billions of dollars in new funding for infrastructure projects. Farm equipment giant Deere (DE) and global power leader Cummins (CMI) also moved higher.
President…