Jim Cramer Talked About These 8 Stocks

3. Caterpillar Inc. (NYSE:CAT)

Number of Hedge Fund Holders: 62

A caller asked if it was a good time to start a position in Caterpillar Inc. (NYSE:CAT). Here’s what Cramer had to say:

“Okay, this is a great question because CAT has given up almost, it’s given up everything and Jim Umpleby is a terrific guy. Here’s what you have to do. You have to wait till he reports. You can’t jump the gun on this… Well, you won’t know exactly whether he’s buying back stock or he’s pulling in his horns until he reports. He’s too straight a guy not to listen to. We can’t pull the trigger until he says something.”

Caterpillar (NYSE:CAT) designs and manufactures construction and mining equipment, industrial engines, and diesel-electric locomotives. The company also provides financial products, parts distribution, logistics services, and various technology solutions. In January, Cramer commented:

“I think the stock’s had an amazing run, but CAT’s no longer a cyclical, it’s a secular grower because CEO, Jim Umpleby has maneuvered its business into more consistent end markets.”