Market Wrap - Stock pick — CAT
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Kwame Antwi from KOA Capital chose Caterpillar Inc as his stock pick of the day.
"The stock that I'll be talking about is Caterpillar. I think it's one of those stocks that haven't rallied with the rest of the market, it's down about 10% from beginning of the year and they reported pretty lousy earnings in first quarter. But, I think it's fairly well geared towards the recovery, it has a great balance sheet and if the US economic recovery surprises on the upside, it's one company that is geared to benefit from that."
"The stock that I'll be talking about is Caterpillar. I think it's one of those stocks that haven't rallied with the rest of the market, it's down about 10% from beginning of the year and they reported pretty lousy earnings in first quarter. But, I think it's fairly well geared towards the recovery, it has a great balance sheet and if the US economic recovery surprises on the upside, it's one company that is geared to benefit from that."
