Positives: - Only trading at 12.6 forward P/E, 1.1 PEG. - Bounced back strong from recent UBS downgrade. - Negativity in US housing sector pulling down the stock, but I expect CAT's international business and weak dollar to more than offset the local housing slump. - Q2 earnings on July 20th AM Risks: - Rising interest rates to slow global growth and reduce capex - Housing market takes time to bottom - Increased competition on CAT core businesses Technicals: CAT holds and bounced right back at the 50 DMA ($77.5) Would accumulate around the 50 DMA Short Term Target: $90 Stop Loss: closes 2% under 50 DMA