TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer was pleased with Caterpillar's (CAT) rolling 3-month retail sales numbers, which were released on Wednesday.

Total machines retail sales rose 24% year-over-year as of May.

"I do like Caterpillar longer-term," Cramer said.

Want exclusive investing insight from Jim Cramer? Get 24/7 access to Jim's charitable trust portfolio with a free trial to Action Alerts PLUS!

More from Video

Financing History: How Citigroup Grew Into a Banking Powerhouse

Financing History: How Citigroup Grew Into a Banking Powerhouse

Why Bankrate's CFA Expects Two More Rate Hikes in 2019

Why Bankrate's CFA Expects Two More Rate Hikes in 2019

Norwegian Cruise Lines Could Be Docking With a Dividend in 2019

Norwegian Cruise Lines Could Be Docking With a Dividend in 2019

'What Sells Cars Is Driver Image,' Says VW of American CEO

'What Sells Cars Is Driver Image,' Says VW of American CEO

Why Sears is One of Jim Cramer's 'Finest Hours'

Why Sears is One of Jim Cramer's 'Finest Hours'