Jim Cramer: Don’t Sell Caterpillar; Citi an ‘Absolute Buy’

Jim Cramer answers Twitter (TWTR) questions from viewers on the floor of the New York Stock Exchange. Jim was asked whether infrastructure spending in the U.S. could lift Caterpillar (CAT), which reported earnings today. Caterpillar's earnings topped estimates by revenue fell short, and its stock fell on the news. But Jim said the stock will stabilize because it has a big yield and they have a lot of cash on the balance sheet. Jim added he was disappointed by Caterpillar's U.S. business , and while he doesn't have a catalyst to buy Caterpillar, he would also not sell it at these levels. Jim also commented on Citigroup (C), saying it's an 'absolute buy.' He noted that CEO Mike Corbat has turned the company around and with interest rates eventually going higher, Citi is a terrific stock in this current environment. Jim also said he was a fan of Box (BOX) Inc., which recently announced that its providing cloud collaboration services for several new technology companies including Airbnb, LinkedIn (LNKD), Spotify, Twitter( TWTR) and Zenefits. Jim pointed out the company also recently announced a deal with IBM (IBM). Jim said the short position in the stock is 'endless' because people believe there's going to be millions of shares of insider selling, but he said the CEO Aaron Levie isn't selling and that's what matters. He added the stock is a good growth stock that's not that expensive. Send your Twitter questions to Jim using #CramerQ.