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It's 'Insanity' to Buy Caterpillar Stock at This Level: More Squawk From Jim Cramer

NEW YORK (TheStreet) -- Shares of Caterpillar (CAT) were soaring by 7.35% to $90.88 in early afternoon trading on Wednesday, after Republican candidate and U.S. infrastructure supporter Donald Trump beat out Democratic candidate Hillary Clinton in the U.S. presidential election on Tuesday.

The construction equipment maker is benefiting from the anticipation that Trump will put funds toward U.S. infrastructure, TheStreet's Jim Cramer said on CNBC's "Squawk on the Street" this morning. Trump said he wants to spend $1 trillion on infrastructure.

Caterpillar recently said "China's better, U.S. is not good"...