Post-election rally stalls, but these 3 stocks may continue to rise
Following the recent presidential election in the United States, markets reacted positively, leading to short-term gains across almost all asset classes. This phenomenon, informally referred to as the "general rally", may be gradually cooling, but traces of this optimistic period still remain.
More specifically, the manufacturing sector, particularly the US basic materials sector, is showing signs of potential long-term growth. Added to this is Wall Street's growing interest in the energy sector and international high-margin technology stocks.
Caterpillar: the world leader in construction and mining equipment
Caterpillar $CAT is a global manufacturer of construction, mining and agricultural equipment, diesel engines and industrial equipment. Its products are used in a wide range of industries.
Caterpillar, a giant with a market capitalization of $187 billion, is up as much as 54% over the past 12 months. Yet Wall Street analysts still believe in the possibility of further double-digit…