Jim Cramer's Opinion on Caterpillar

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Jim Cramer weighs in on Caterpillar  (CAT) - Get Report.

He was asked a question from a Twitter user. 

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Video Transcript:

Katherine Ross:
Jim, we did get a viewer question that I want to pose to you and it's from Greg who asks, "With the stimulus bill likely to include an infrastructure investment, what is your current opinion on CAT?

Jim Cramer:
They'll screw up the infrastructure. You own Caterpillar if oil goes higher, levered oil. You own Caterpillar if China comes back online, looks like they are. So, that's why CAT's gone from a 100 to 124. But you don't want to own CAT for infrastructure because we're too much budget knuckleheads and I just don't have any faith whatsoever in them whatsoever. So, I think that CAT's coming back because of what's going on in China and that's why you want it. And that's a decent reason to own it. And CAT's been doing quite well. CAT and FedEx are two stocks that are trying to place and they are doing very, very well because China's back open for business.

Katherine Ross:
All right, Greg, there's your answer. Jim, thank you for joining us today.

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