Jim Cramer Discusses These 10 Stocks & DeepSeek’s Limitations

6. Caterpillar Inc. (NYSE:CAT)

Number of Hedge Fund Holders In Q3 2024: 50

Caterpillar Inc. (NYSE:CAT) is one of the largest heavy equipment and industrial machinery companies in America. Its shares are up by a modest 23% over the past year as the overall industrial and construction environment has remained slow in the US. The shares surged by 10.7% after the November Presidential Election and added another 16% in the second and third weeks of January. However, Caterpillar Inc. (NYSE:CAT)’s shares soon lost momentum as they dipped by 3% after the firm warned that an uncertain economic environment could lead to a sales drop this year. However, Cramer thought the market read too much into Caterpillar Inc. (NYSE:CAT)’s earnings:

“I felt Caterpillar shouldn’t have been down as much. I think that Caterpillar had a good quarter.”