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On October 8, 2025,
(CAT) saw a significant surge in trading activity, with a volume of $1.98 billion—marking a 90.2% increase from the previous day. The stock closed up 3.17%, securing a top-39 position in market volume rankings among U.S.-listed equities. The heightened liquidity suggests renewed investor focus on the heavy equipment manufacturer amid evolving market dynamics.Recent developments highlight Caterpillar’s strategic positioning in its core markets. A notable report underscored the company’s expanded order backlog in North American infrastructure projects, driven by government stimulus programs. Analysts noted that this backlog, combined with improved operational efficiency in its mining equipment division, has bolstered near-term revenue visibility. The stock’s performance aligns with broader sector strength, as infrastructure spending remains a key policy priority in the U.S. and Canada.
Technical indicators also contributed to the upward momentum. The stock’s 50-day moving average crossed above its 200-day line, a bullish crossover pattern often interpreted as a sign of sustained momentum. Institutional buying pressure was evident in the volume profile, with large-cap funds increasing their
exposure ahead of quarterly reporting deadlines. This activity contrasts with recent underperformance in the broader industrial sector, where supply chain disruptions have weighed on peers.I can definitely help design and back-test this idea, but first I need to clarify a few practical details so I can set up the data pulls and calculate the signals correctly: 1. Universe • Do you want all U.S.–listed common stocks (NYSE + NASDAQ + AMEX), or a different universe (e.g., only S&P 500 constituents)? 2. Trade timing / prices • Should the portfolio buy the top-500-by-volume list at today’s close and exit them at tomorrow’s close (i.e., a 1-day holding period), or use next-day open prices for entry/exit? 3. Weighting • Equal-weight across the 500 names, or volume-weighted / market-cap-weighted? 4. Transaction costs & slippage • Should we assume zero costs for a first pass, or include, say, ±5 bps per trade? 5. Benchmark (optional) • Any particular benchmark you’d like the results compared against (e.g., SPY)? Once I have those details, I’ll pull the daily volume data, generate the top-500 lists for each trading day from 2022-01-03 to the present, build the 1-day-holding strategy signals, and run the back-test.

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