5 Best Cyclical Stocks To Buy Now

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1. Caterpillar Inc. (NYSE: CAT)

Number of Hedge Fund Holders: 53

Caterpillar Inc. (NYSE: CAT) is an Illinois-based construction machinery and equipment company founded in 1925. It is placed first on our list of 10 best cyclical stocks to buy now. Caterpillar stock has returned more than 100% to investors over the past year. The company is one of the largest construction equipment manufacturers in the world and sells engines and financial products as well. It was formerly known as Caterpillar Tractor. 

Caterpillar Inc. (NYSE: CAT) posted earnings for the first three months of 2021 in late April, reporting earnings per share of $2.87, beating market estimates by $0.93. The revenue over the period was close to $12 billion, up 11% year-on-year. 

Out of the hedge funds being tracked by Insider Monkey, Washington-based firm Bill & Melinda Gates Foundation Trust is a leading shareholder in Caterpillar Inc. (NYSE: CAT) with 10 million shares worth more than $2.3 billion. 

You can also take a peek at Billionaire Izzy Englander’s Top 10 Stock Picks and Billionaire David Abrams’ Top Stock Picks.

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