Cramer Has $100 Target On Caterpillar (CAT)

Jim Cramer, host of CNBC's Mad Money and chairman of TheStreet.com is out with a video on Caterpillar (NYSE: CAT), and he believes the stock could reach $100 easy.

Shares initially spiked higher after it reported earnings this morning that were better than expected, but have since lost their gains and are now negative on the day.

At last check, shares of CAT were down $1.59 to $78.29, a loss of 2%.