Jim Cramer on Caterpillar: “I Would Like to See the Stock Lower”

Caterpillar Inc. (NYSE:CAT) is one of the stocks Jim Cramer discussed, along with market shortages. Noting that the stock seems “richly valued,” a club member asked how much it needs to fall to start a position. In response, Cramer said: There are a lot of people who feel that this is a data center play and that the data centers are somehow going to stall out. You are coming in after a major, major move. I would like to see the stock lower. Once you start getting lower, what happens is people say, oh, oh, ...