Caterpillar is a direct beneficiary of the reshoring capex super-cycle and infrastructure spending in North America. Mining-equipment demand is firming alongside copper and lithium price recovery. Backlog hit record levels in Q1 2026, with order coverage extending into 2027. Geopolitical fragmentation drives demand for domestic mining and construction equipment.
Thesis reviewed May 29, 2026
Caterpillar Inc. is headquartered in United States, which is currently showing elevated risk signals.
🇺🇸United States82EXITView United States risk detail →🏭Industrials29WATCH| Ticker | Company | Score | Gap | Signal Δ | Action |
|---|---|---|---|---|---|
| WM | Waste Management, Inc. | 36 | +3% | ↓6% | NEUTRAL |
| NSC | Norfolk Southern Corporation | 36 | +3% | ↓6% | NEUTRAL |
| HON | Honeywell International Inc. | 33 | +8% | ↓6% | EARLY |
| PH | Parker Hannifin Corporation | 33 | +9% | ↓6% | EARLY |
| ETN | Eaton Corporation plc | 33 | +16% | ↓6% | EARLY |
| OTIS | Otis Worldwide Corporation | 33 | +7% | ↓6% | NEUTRAL |
| UNP | Union Pacific Corporation | 33 | +7% | ↓6% | EARLY |
Investors who hold CAT may also have indirect exposure through these country funds.
US Infrastructure Investment Act phase 3 disbursements ramp into Q2 2026
Record backlog noted in CAT Q1 2026 earnings; book-to-bill above 1.2x
Mining equipment orders up 22% YoY on copper/lithium reinvestment
Estimates · Yahoo Finance · Not audited figures
| Politician | Party | Type | Amount | Trade Date | Return |
|---|---|---|---|---|---|
| Tim WalbergMI | Buy | Unknown amount | Feb 7, 25 | ||
| Donald J. TrumpFL | R | Buy | $50k–$50k | Mar 23, 26 | -2.9% |
| Donald J. TrumpFL | R | Buy | $50k–$50k | Mar 11, 26 | -2.9% |
| Jared MoskowitzFL | D | Sell | $1k–$15k | Mar 31, 26 | -1.6% |
| John Boozman | Buy | $1k–$15k | Jan 29, 26 | +13.3% | |
| Markwayne Mullin | Buy | $15k–$50k | Dec 29, 25 | +36.0% | |
| Marjorie Taylor Mrs GreeneGA | R | Buy | $1k–$15k | Dec 24, 24 | +144.7% |
| Marjorie Taylor Mrs GreeneGA | R | Buy | $1k–$15k | Oct 21, 24 | +129.8% |
| William R. KeatingMA | D | Buy | $1k–$15k | Sep 11, 24 | +132.2% |
| John JamesMI | R | Buy | $1k–$15k | Feb 5, 24 | +151.6% |
| John JamesMI | R | Buy | $1k–$15k | Nov 10, 23 | +151.6% |
| Jared MoskowitzFL | D | Buy | $1k–$15k | Dec 28, 23 | +161.3% |
| Kathy ManningNC | Sell | $1k–$15k | Jul 2, 24 | +160.9% |
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