Jim Cramer on Caterpillar: “I Think It’s Due for Some Profit-Taking”

Caterpillar Inc. (NYSE:CAT) is one of the stocks in focus in the game plan Jim Cramer shared. Cramer noted that the stock is a “little tougher” for him, as he commented:

“There’s also Caterpillar. Now, this one’s a little tougher for me. I fear its stock has moved up too much as a monster performer involved with infrastructure and the data center. I think it’s due for some profit-taking.”

Caterpillar Inc. (NYSE:CAT) designs and manufactures construction, mining, and energy equipment, including engines, turbines, and locomotives. During the September 22 episode, Cramer highlighted that he expects more upside from the stock and said:

“A number of industrials made it through the screen, so let me cut to the quick here. Caterpillar, the machinery kingpin, has done incredibly well. It’s up nearly 77% from April lows, but you know what? I think it’s got more upside. Stock’s on track to put up 18% earnings growth, sells for 22 times next year’s numbers.”

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Disclosure: None. This article is originally published at Insider Monkey.