Jim Cramer answered viewers’ Twitter questions from the floor of the New York Stock Exchange and addressed Caterpillar’s (CAT) announcement that it has lowered its revenue outlook and plans to cut 10,000 jobs. ‘These numbers were chilling,’ said Cramer. ‘I think people are going to say the dividend is in jeopardy.’ Cramer said Caterpillar is adjusting to the new reality. ‘Their oil business is going down and their coal business is going down, and those are two very key markets,’ said Cramer. Cramer was also asked if it’s time to buy United Technologies (UTX), and he said no. He pointed out that his Action Alerts PLUS portfolio holds Honeywell (HON) and 3M (MMM), both of which are doing better than United Technologies, but he noted that neither of those stocks can find their footing. Another viewer asked what Cramer expects from Apple (AAPL) heading into the holiday shopping season. Cramer said Apple has a lot of new products, like the Apple Watch, that will generate recurring revenues. He also likes the fact that Apple is moving forward with an electric car. He said it’s a stock to hold, and if Apple stock gets back to a range of $92 to $95, it’s a buy. Send your Twitter questions to @JimCramer using #CramerQ.
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