Jim Cramer’s 9 Failed Predictions From 12 Months Ago

8. Caterpillar Inc. (NYSE:CAT)

Number of Hedge Fund Holders: 62

Cramer gave his view on Caterpillar Inc. (NYSE:CAT) when asked whether it was still worth holding, particularly after a disappointing quarter. He gave a cautious yet supportive response.

“Kid’s got horse sense. I like CAT. I think it’s got 25% down and 10% up right now, ’cause that last quarter wasn’t that good. But I like you so much, I’m going to let you keep it.”

Caterpillar didn’t live up to the mild optimism, with shares down 7.16% since the episode.

Caterpillar Inc. (NYSE:CAT) is a leading manufacturer of construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. In a very recent episode, Cramer gave a possible reason for the company’s underperformance:

“I was going to do Caterpillar, Hold to Buy. That was a good piece. Baird had fought it every step of the way, the reason I didn’t do it is I didn’t want to make fun of the guy for being completely wrong.”