TheStreet’s Jim Cramer is watching Caterpillar (CAT) which is set to report earnings on Thursday, July 23rd, before the market’s opening bell. The report will be for the American machinery manufacturer’s second quarter of fiscal 2015. Shares of Caterpillar have fallen below $80 after having opened for the year at $91 but Cramer says that despite this, Caterpillar still has a ‘good yield.’ However Cramer says that ‘there are some numbers out which indicate that retail sales for Caterpillar machinery are not that strong.’ Cramer says that investors ‘have to watch Caterpillar because it’s really at the intersection of everything that I am actually concerned about right now.’ The Caterpillar earnings call will give investors a look into China sales, coal, and big oil projects, which are all areas that Cramer is worried about at the moment. Caterpillar also gives insight into non-residential construction in the United States, which Cramer says is ‘very good.’ Cramer says that ‘Caterpillar is going to give you an excellent read of the world economy’ however he is not as certain that the stock itself is something he is interested in.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
