Quarter to Quarter Aggressive Growth Stocks Message Board

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Strategies & Market Trends : Quarter to Quarter Aggressive Growth Stocks

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To: Jack Hartmann who wrote (2316)	3/8/2001 9:49:01 AM
From: Jack Hartmann	Read Replies (1) of 6924

Action Alert: Caterpillar By James J. Cramer 3/8/01 9:32 AM ET We have a rally. We have leadership in growth cyclicals and retail. We just need more players to play it. When you think cyclical, and you think lower interest rates, you have to think Cat Tractor (CAT:NYSE - news - boards). The time is right for that cyclical rally and Cat is the best way to catch that rally. I have loved CAT since 1990 when I saw the renaissance coming. I was so desperate to tell people about it that I wrote it up as a buy for The New Republic. I have never shied away from telling people about a good story in whatever forum I can get. Cat Tractor is a multiyear story. When it catches a cycle it is almost Boeing-like in its beauty. This time the cycle, which is led by interest-rate cuts, has an after-burner kicker: power. We need to build more plants. We need to drill. We need to get more coal. We need CAT's products to do that. Of course, we will have more building with rates going lower, so that is a natural spur to growth. And despite the absolute dregs the truck motor business has fallen to, even that segment will turn when you get rates down to where they have to go. Management here is terrific and will see these opportunities ahead of others. If there is a worry here, it is that the Japanese will let their currency fall so low that the global competition will reignite after CAT has pretty much taken over. I am not terribly concerned though because the grease of lower interest rates will trump anything the Japanese can throw at the Peoria giant. Take some of that money you have from selling tech -- and by all means keep Selling -- and buy some CAT. Buy more if it goes down, and strap yourself in for a big six-month move. thestreet.com Nothing much, but Cramer on the CAT bandwagon on. Jack

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