A Caterpillar director just put $620,000 of his own money into the stock at $620.39 a share, lifting his stake by more than a fifth. Open-market director buys this size are rare at a $287 billion industrial, especially with tariffs pressuring heavy equipment sales.
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A new Group President at the $288 billion machinery giant means a fresh name now files Form 4s investors can track, and Caterpillar's group presidents sit one rung from the CEO seat. Succession watchers just got a new candidate to follow.
Two blue chips are opening at record-setting earnings gaps, with 10.93% the line that would make Caterpillar's drop the worst in its history.
Along with Alphabet $GOOGL set for its biggest gap down on earnings in history, Caterpillar $CAT is set to have its biggest gap down on earnings since July 2002. If it opens down more than 10.93%, it will be its biggest ever. Some historic drops for big blue chips this morning. https://t.co/PMpBoUlaMj
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Data centers are now a Caterpillar story: Power Generation sales climbed 30% on turbines and large reciprocating engines, helping drive a fourth straight quarterly earnings beat. Revenue landed essentially in line with estimates, and management is pointing to a record backlog heading into the fourth quarter.
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The House GOP conference chair's spouse put the three biggest tickets into defense IT, chlorine chemicals and offshore drilling, each in the $15,000 to $50,000 range, while trimming Seagate. Nine buys across one September stretch, disclosed 28 days after the first trade, lands days after the Senate shelved a congressional trading ban.
Mad Money w/ Jim Cramer 10/7/26
- Cramer splits the market in two: credit-dependent names like Caterpillar, Ford and IBM versus AI borrowers that price near Treasuries
- SpaceX seeking $40 billion to buy Nvidia chips at triple-B rating, while Paramount Skydance bondholders got hit at 8%
- Oracle flagged as the one data-center name still exposed to credit market scrutiny
- Caller advice: swap Western Digital into cheaper Micron; Vertiv the pick after GE Vernova on data center infrastructure
AI and data-center names no longer trade off Treasury auctions, so a weak auction hits the industrial and consumer side of your book while chip and power names sail through, with Oracle the named exception. On the calls, he pushed Micron over Western Digital and ranked Vertiv right behind GE Vernova on infrastructure.
A 4.4% intraday slide to $807.34 is a rare one-day drawdown for a $371 billion industrial bellwether, erasing roughly $37 off the open. Keep an eye on whether it holds into the close.
Mad Money w/ Jim Cramer 10/2/26
- 29,000 September jobs eased rate-hike fears; G7 releasing 100 million barrels capped oil's rally
- PepsiCo called uninvestable into Thursday earnings: down 12% this year while Coca-Cola is up 22.5%
- Nvidia compute scarcity framed as the real money-maker behind data center and Starlink demand
- Caller verdicts on Applied Materials, Simon Property Group, Goldman Sachs and Duke Energy at a 3.8% yield
A 4.7% PepsiCo yield loses to the 10-year, so any bounce off Thursday's earnings report is just a trade. Cramer stays long AI compute while telling snack and beer holders the consumer shift is structural.
Mad Money w/ Jim Cramer 10/1/26
- Cramer still buys Palantir at $190 after the stock gained 60% in Q3 and stalled short of his $250 target
- Salesforce, up 46.5%, called the better SaaS-apocalypse rebound than Veeva at 30 times earnings
- Caterpillar's 24% Q3 profit taking framed as a buying chance on data center engine demand
- IBM, down 22% on its miss, gets the wait-a-quarter rule; Home Depot stays hostage to rates
Cramer wants to add software as the bounce-back trade and the beaten-down industrial names tied to data center power. He also warns that rising rates are the real threat heading into earnings season in a couple of weeks.
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