Cramer Sees Potential Opportunity After Caterpillar’s 24% Slide
Cramer pointed to Caterpillar’s third-quarter decline and data-center power demand, while a major generator order and tariff costs frame the opportunity.
Key takeaways
- Cramer said Caterpillar’s shares fell 24% in the third quarter.
- Caterpillar has an order for 2 gigawatts of natural gas generator sets tied to a data center campus.
Jim Cramer said Caterpillar’s 24% third-quarter share-price decline may present a buying opportunity, citing demand for the company’s engines as a source of data-center power. He discussed the stock during an October 1 episode of Mad Money.
As of Tuesday, Caterpillar shares traded at $863.44, up 1.8% since the previous close.
A January agreement included an order for 2 gigawatts of natural gas generator sets for American Intelligence & Power’s Monarch Compute Campus. Deliveries were scheduled from September 2026 through August 2027.
Caterpillar’s outlook calls for about $2.2 billion in full-year tariff costs, excluding expected recoveries. The company reported second-quarter sales and revenues of approximately $20.5 billion, up 24% year over year.
This article was produced with the help of AI technology. Source: Yahoo Finance
