Jim Cramer Put These 16 Stocks Under a Microscope

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7. Caterpillar Inc. (NYSE:CAT)

Number of Hedge Fund Holders: 62

Inquiring about Caterpillar Inc. (NYSE:CAT), a caller mentioned that the current environment does not seem profitable for the construction industry. Here’s what Cramer had to say in response:

“You’re right, it’s not… and boy, Jim Umpleby retiring. Oh man, is he good. He’s the guy who really turned the company into a, into what I call a secular grower. That said, it’s not expensive, but you’re right, it may not be the time to own Caterpillar. It is a better, there may be a better season coming.”

Caterpillar (NYSE:CAT) builds equipment for construction and mining, produces industrial engines, and makes diesel-electric locomotives. It offers financial services, handles parts distribution, manages logistics, and develops technology-based solutions.

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