Best Construction Stocks Worth Watching - October 17th

Key Points

• Caterpillar, Lennar, and Lowe's Companies are identified as the top construction stocks to watch, showcasing high trading volumes recently.
• Caterpillar manufactures a wide range of construction and mining equipment, and is experiencing significant market success, including stock hitting an all-time high.
• Lennar operates as a major homebuilder in the U.S., involved in the construction and sale of various residential properties, while Lowe's serves as a critical retailer for home improvement products essential for construction and remodeling.

Caterpillar, Lennar, and Lowe's Companies are the three Construction stocks to watch today, according to MarketBeat's stock screener tool. Construction stocks are shares of companies involved in building and infrastructure — including general contractors, specialty subcontractors, construction materials suppliers (steel, cement, lumber), and equipment manufacturers and rental firms. Investors treat them as cyclical plays that are sensitive to economic growth, housing starts, interest rates and government infrastructure spending, and they focus on metrics like backlog, order wins, input-cost exposure and project margins when evaluating them. These companies had the highest dollar trading volume of any Construction stocks within the last several days.

Caterpillar (CAT)

Caterpillar Inc. manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.

Read Our Latest Research Report on CAT

Lennar (LEN)

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company's homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties.

Read Our Latest Research Report on LEN

Lowe's Companies (LOW)

Lowe's Companies, Inc., together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.

Read Our Latest Research Report on LOW