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Caterpillar gave back its entire 87% gain

YTD return %

Caterpillar and XLI year-to-date returns through November 5, 2026, indexed to year-end 2025, showing CAT at an 87% peak and down 2.5% on November 5.
Source: Financial Modeling Prep daily close, dividend-adjusted. Data through the November 5, 2026 close.
Caterpillar

Silvia Insights research desk

A strong first half offered no protection when the stock reversed.

Caterpillar peaked on June 30 at roughly 87% above its year-end 2025 level. By the November 5 close, it was about 2.5% below where it started the year, leaving the stock almost 48% below that June high.

The broader industrials fund, XLI, was still up about 6% over the same year-to-date window. This is a snapshot through November 5, not a current quote or a forecast of what comes next.

A round trip is not, by itself, a reason to expect a rebound.

This chart comes from a new Silvia Insights research report. Members received the full analysis earlier this week, including the actionable trade ideas, risks and what comes next.

Research is for informational purposes and does not constitute personalized investment advice.

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