Jim Cramer on Caterpillar: “I Would Wait Till After the Quarter”

Caterpillar Inc. (NYSE:CAT) is one of the stocks Jim Cramer weighed in on. Highlighting that they think housing will win if there is a turnaround in the economy, a caller asked about the company. In response, Cramer said:

“I think, you know what, I gotta tell you something… I mean, the primarily not housing, but you’re absolutely right. You have to have housing. Vulcan Materials is actually more of a play, as is Martin Marietta Materials. However, Caterpillar is an ancillary to that. Caterpillar’s done incredibly well this year. I will miss Jim Umpleby, who’s stepped up to chairman, but I think he left Caterpillar in the best hands I’ve ever seen the stock in. It’s a buy, and I think you will do quite well. Now, at this point, I would wait till after the quarter, which is August 5th. You don’t need to get ahead of it.”

An investor in a dark suit on the phone, surrounded by colorful stock charts for mid-capitalization companies.

Caterpillar (NYSE:CAT) designs, manufactures, and sells machinery and engines used in construction, mining, energy, and transportation, along with related parts and services. The company also provides financial products, leasing solutions, and digital services to support its equipment and customer base.

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