Cramer's 'Stop Trading!': Caterpillar
NEW YORK (TheStreet) -- Caterpillar (CAT) - Get Report "reported miserable monthly numbers" the other day, said Jim Cramer on CNBC's "Stop Trading!" segment on Tuesday, and the shorts came "flying" in.
"No, no, no," he said. According to Cramer, Caterpillar,
Bucyrus
(BUCY)
and
Joy Global
(JOYG)
are "global recovery plays."
He said that the key with Caterpillar is the weak dollar. "It's good!" he said. "Caterpillar's earnings could explode here, even on declining orders."
Cramer said the shorts were "killing" him with
Palm
(PALM)
, too. "Shorts, come on!" he said. "This is the Internet mobile tsunami. Wake up or get swept away!" He said he prefers Palm to
Research In Motion
(RIMM)
ahead of RIM's quarter.
(GOOG) - Get Report
is a buy, said Cramer, calling the stock "inexpensive right here." He also said Citi's recommendation of
Macy's
(M) - Get Report
"looked really good" and reminded viewers that
Ralph Lauren
(RL) - Get Report
and
Martha Stewart
(MSO)
"are the ways to play Macy's on the derivative."
-- Written by Rebecca Corvino in New York.
