Jim Cramer Discussed These 19 Stocks and Market Shortages

12. Caterpillar Inc. (NYSE:CAT)

Number of Hedge Fund Holders: 70

Caterpillar Inc. (NYSE:CAT) is one of the stocks Jim Cramer discussed, along with market shortages. Noting that the stock seems “richly valued,” a club member asked how much it needs to fall to start a position. In response, Cramer said:

There are a lot of people who feel that this is a data center play and that the data centers are somehow going to stall out. You are coming in after a major, major move. I would like to see the stock lower. Once you start getting lower, what happens is people say, oh, oh, it’s going to be topped. It’s a head and shoulders, all that. I liked it when Jim Umpleby was CEO. He did a fantastic job. I believe it’s worth a great deal, but I do prefer, right here, Cummins, CMI. I think it represents a better buy.

Caterpillar Inc. (NYSE:CAT) provides heavy machinery, engines, turbines, and rail equipment. In addition, the company offers power systems, parts, and support that keep the equipment working. During the December 10, 2025, episode, Cramer mentioned the stock and commented:

Finally… You can buy any industrial because the hedge fund playbook says that industrials benefit from lower rates, even if you think it doesn’t matter. The fabulous irony of all this, frankly, is that Powell, in his own press conference, actually came out and said that a quarter point really doesn’t mean that much to any industry. I had to laugh at that one, but that’s not how hedge funds or even mutual funds think about it. They’ll eagerly buy Caterpillar and Cummins, two stocks at their all-time highs, just because they perfectly fit the environment.