What do you guys think of CAT? 2.479% yield. Fundamentals look reasonable and infrastructure projects seem inevitable in the medium term. However it is sensitive to recessionary headwinds and dollar strength.
I like to maintain at least 10% allocation for industrials/defense. Currently have 5% LMT, 3% RTX, 2.5% CAT.
I am considering swapping out CAT for HON, MMM, GD, or UPS.
Thoughts? Thanks in advance!
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