Fast Money Traders Weigh In On Caterpillar And United Rentals

Guy Adami spoke on CNBC's Fast Money about Caterpillar Inc. CAT, which reported earnings on Tuesday. He thinks the stock is expensive, trading at 24 times forward earnings and he would take profits in the name.

Pete Najarian would also close a long position in Caterpillar. He added that its dividend looks attractive, but he would wait for a significant pullback before he would consider buying the stock.

Instead of buying Caterpillar, Karen Finerman would rather buy United Rentals, Inc. URI.