Need an investing lesson? Take a look at Caterpillar.
Cramer had CAT on the mind after Morgan Stanley posted a note based on a meeting with Caterpillar's management.
Disciplined buybacks & dividend increases should help to create a more stable capital allocation narrative - with management reiterating confidence in cycle-over-cycle margin improvement, wrote Morgan Stanley.
"Alright, Caterpillar down badly today. Caterpillar with good yield. Caterpillar with an actual update as of this morning. That's why I mentioned it...An actual update this morning that is quite bullish and the answer is that you either think that they're lying, which I don't think Jim Umpleby is doing or he's not looking at the order book a month from now. I think this is a man who uniquely blew the quarter, unfortunately, but isn't going to do that again. So I have a letter from Chicago, a piece that came out this morning telling me that CAT worth buying,' said Cramer.
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