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Top Industrial Stocks To Add to Your Watchlist - October 10th

Caterpillar logo with Industrials background

Key Points

  • Caterpillar, Cipher Mining, Eaton, Plug Power, and Deere & Company are highlighted as key Industrial stocks to watch, representing significant trading volumes in the industrial sector.
  • Caterpillar Inc. has achieved an all-time high in its stock price, raising questions about whether it can continue to grow.
  • Plug Power Inc. is making strides in the hydrogen and fuel cell space, offering various solutions across international markets.
  • Interested in Caterpillar? Here are five stocks we like better.

Caterpillar, Cipher Mining, Eaton, Plug Power, and Deere & Company are the five Industrial stocks to watch today, according to MarketBeat's stock screener tool. Industrial stocks are shares of companies operating in the industrial sector, encompassing businesses involved in manufacturing, construction, machinery, aerospace and defense. They represent firms that produce capital goods and infrastructure components rather than consumer products or services. Investors often view industrial stocks as economic barometers because their performance tends to mirror manufacturing output, capital spending and overall business investment. These companies had the highest dollar trading volume of any Industrial 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

Cipher Mining (CIFR)

Read Our Latest Research Report on CIFR

Eaton (ETN)

Eaton Corporation plc operates as a power management company worldwide. The company's Electrical Americas and Electrical Global segment provides electrical components, industrial components, power distribution and assemblies, residential products, single and three phase power quality and connectivity products, wiring devices, circuit protection products, utility power distribution products, power reliability equipment, and services, as well as hazardous duty electrical equipment, emergency lighting, fire detection, explosion-proof instrumentation, and structural support systems.

Read Our Latest Research Report on ETN

Plug Power (PLUG)

Plug Power Inc. develops hydrogen and fuel cell product solutions in North America, Europe, Asia, and internationally. The company offers GenDrive, a hydrogen-fueled proton exchange membrane (PEM) fuel cell system that provides power to material handling electric vehicles; GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; GenFuel, a liquid hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing Internet of Things-based maintenance and on-site service program for GenDrive fuel cell systems, GenSure fuel cell systems, GenFuel hydrogen storage and dispensing products, and ProGen fuel cell engines; and GenKey, an integrated turn-key solution for transitioning to fuel cell power.

Read Our Latest Research Report on PLUG

Deere & Company (DE)

Deere & Co. engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.

Read Our Latest Research Report on DE

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Should You Invest $1,000 in Caterpillar Right Now?

Before you consider Caterpillar, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Caterpillar wasn't on the list.

While Caterpillar currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

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