Industrials
If You Invested $1,000 in Caterpillar at the Market Bottom, Now It Would Be Worth $9,000
Published:
Last Updated:
One of the most difficult parts of trading is timing the markets, although in a bull market this is less of a problem. But it can be particularly difficult calling the market bottom in the middle of a bear market. 24/7 Wall St. is looking back to when the S&P 500 bottomed back in March 2009 to see how some of the major blue chips have fared since then.
Back on March 6, 2009, the S&P 500 bottomed out at 666.79, and from there began perhaps the biggest bull market of the modern era. At the most recent close, the S&P 500 was at 2,747.30, more than quadrupling its bottom nearly nine years ago.
So how does Caterpillar Inc. (NYSE: CAT) compare?
On an adjusted close basis, Caterpillar closed March 6, 2009, at $17.89 a share, or at $23.23 on an unadjusted basis. Caterpillar closed Tuesday at $161.26 on an adjusted basis.
Caterpillar’s growth over this nine-year period was very impressive, with shares gaining just over 800%.
So if you had invested $1,000 in Caterpillar back then, you would have $9,013.97 as of Tuesday’s close.
Over the past 52 weeks, Caterpillar has outperformed the broad markets, with its shares up about 65%. However, in just 2018 alone, Caterpillar is up about 2%.
Shares of Caterpillar were last seen trading at $156.65, with a consensus analyst price target of $179.82 and a 52-week range of $90.34 to $173.24.
Is Your Money Earning the Best Possible Rate? (Sponsor)
Let’s face it: If your money is just sitting in a checking account, you’re losing value every single day. With most checking accounts offering little to no interest, the cash you worked so hard to save is gradually being eroded by inflation.
However, by moving that money into a high-yield savings account, you can put your cash to work, growing steadily with little to no effort on your part. In just a few clicks, you can set up a high-yield savings account and start earning interest immediately.
There are plenty of reputable banks and online platforms that offer competitive rates, and many of them come with zero fees and no minimum balance requirements. Click here to see if you’re earning the best possible rate on your money!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
