Jim Cramer Talked About These Relatively 19 Cheap S&P 500 Stocks

13. Caterpillar Inc. (NYSE:CAT)

Number of Hedge Fund Holders: 76

Caterpillar Inc. (NYSE:CAT) is one of the relatively cheap S&P 500 stocks Jim Cramer talked about. Cramer said that the stock has done “incredibly well,” as he commented:

“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.”

Caterpillar Inc. (NYSE:CAT) designs and manufactures construction, mining, energy, and transportation equipment, including engines, turbines, and locomotives. Cramer discussed the company stock in an August episode, as he said:

“I like to look for stories that have been red hot, been, okay, that have suddenly cooled purely because of guilt by association. This morning, Morgan Stanley put the wood to Caterpillar, downgrading the stock from Hold to Sell because of worries about tariffs. Look, there are issues with CAT, but we already know them. The company reported last week, we know everything about it. Got the conference call. I don’t want to buy CAT even though it’ll get its fair share of reshoring orders.”