♟ Buy CAT Before It Bounces

Traders are being too shortsighted right now... time to take advantage! [Trade of the Day Logo] [CAT Construction Vehicle]( Editor's Note: Attention, traders! Want a better mobile Trade of the Day experience? [Our new app is live!]( The real-time trade ideas... the top stocks hitting our watchlist... the market strategies, action plans and chart analysis you've come to know and love... it's all in the palm of your hand. And best of all, it's 100% free! [Check it out here.]( - Ryan Fitzwater, Associate Publisher --------------------------------------------------------------- ["This might be the best chance you have to get some CAT before it bounces - so you should strongly consider getting positioned now."]( Bryan Bottarelli, Head Trade Tactician, Monument Traders Alliance [Bryan Bottarelli] Right now, I believe you have a strong opportunity to buy shares of Caterpillar (CAT) at a very attractive support level. Here's the setup... Over the past month, the S&P 500 has gained around 7%. It's had a very strong start to the 2023 investing year. However... During that same time frame, shares of CAT have lost 0.4%. How can you explain this underperformance? In short, the early theme of 2023 is "risk-on." In other words, after a dreadful 2022 performance by "risk-on" assets like Tesla and FAANG stocks, investors and traders are now moving back in. As a result, they're selling safe-haven plays like CAT in order to chase a quick gain in technology. Is this shortsighted? I believe so - and that presents you with a nice opportunity today. [REVEALED: The Next Step in Our Digital Evolution...]( [Human Evolution]( Amazon... Microsoft... Apple... and Netflix... all skyrocketed in value with the evolution of the internet. Now mankind is witnessing an exciting new technology emerge... One that BlackRock compares to the dawn of the internet and the smartphone... And that J.P. Morgan says will "infiltrate every sector in the coming years." This new technology is expected to create over 20X MORE WEALTH than the internet boom... Yet this little-known stock sells for around JUST $5 a share. Here's your opportunity to get in on this life-changing technology early... [TAKE THE NEXT STEP... GO HERE NOW]( As you can see below, CAT is now starting to bounce off $245, which is the exact spot that it bounced off before reaching $265 in mid-January. [A Nice Opportunity on CAT]( [Logo] YOUR ACTION PLAN Inside [The War Room]( I noted last week how much I liked the CAT pullback to the $240-$242 zone. And guess what just happened... Goldman Sachs is now chiming in with a bullish CAT position as well. Goldman just maintained its "Buy" rating, saying it believes CAT is now "positioned to drive mid- to high-single-digit unit profitability growth through the cycle, driven by rising autonomous product features and the value of dealer network uptime amid ongoing construction labor inflation." This might be the best chance you have to get some CAT before it bounces - so you should strongly consider getting positioned now. In [The War Room]( we've been riding the latest meme stock short squeeze craze. Last week I took a massive 94% gain on Carvana (CVNA), and right now I've got my eye on several other short squeeze candidates. [Click here to start getting in on the action.]( [Treasure And Antiquities Banner]( [The #1 Place to Put Your Money (in a Market Like This)]( [Mobile banking concept]( It's NOT selling and sitting in cash. It's NOT bonds, crypto, energy stocks, gold or anything like that. It's actually a strategy used by some of the most legendary investors in history. [Go here to discover their powerful secret.]( [Chart] MONDAY MARKET MINUTE - Jobs Are Growing on Trees! After Friday's blowout jobs number, Fed Chair Jerome Powell could find himself in a tricky spot... which is why his speech before the Economic Club of Washington tomorrow could come under heavy scrutiny. That'll be a major talking point over the next couple of days. - Is Sherwin-Williams Ready to Pop? The day after the paint company released a disappointing earnings outlook, CEO John Morikis bought $500,000 worth of the company's shares. Maybe he knows something we don't. - U.S. Plans 200% Tariff on Russian Aluminum. Bloomberg reports the U.S. will impose the tariff as soon as this week to keep pressure on Moscow as the one-year anniversary of the invasion of Ukraine nears. I'll be keeping an eye on several aluminum companies, including Alcoa and Kaiser Aluminum. 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