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Stock impact report

Jim Cramer Says Industrials Like Caterpillar “Perfectly Fit the Environment” [Yahoo! Finance]

Caterpillar, Inc. (CAT) 
Last caterpillar, inc. earnings: 4/28 06:30 am Check Earnings Report
US:NYSE Investor Relations: caterpillar.com/en/investors.html
Company Research Source: Yahoo! Finance
The Mad Money host 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.” Copyright: jarretera / 123RF Stock Photo 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 October 31 episode, Cramer highlighted the company's role in data center construction, as he said: “Caterpillar's become one of the best performers in the Show less Read more
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