Autonomous Trucks
Caterpillar Inc. CAT is expected to gain on strong demand in China and pickup in global manufacturing activity. Strength in construction demand can drive the Construction Industries segment while Resource Industries segment is expected to gain on improving commodity prices. Further, a robust liquidity position, investments in expanded offerings, services and digital initiatives are expected to fuel growth for the company. However, the company delivered an improved performance in the first quarter of 2021 on the back of resumption of global economic activities and improving demand in its end markets. Backlog at the end of the quarter was at $16.9 billion, up $2.7 billion on a sequential basis and $2.8 billion on a year-over-year basis.