Why we’re pocketing some gains in this industrial before its earnings

News Snapshot:

Shortly after the opening bell, we will sell 145 shares of Caterpillar at roughly $291.20. Following the trade, Jim Cramer's Charitable Trust will own 145 shares of CAT, decreasing its weighting to 1.37% from 2.70%. Results have been mixed so far this earning season for industrial stocks, as expanded valuations from the market run-up at the end of 2023 made expectations too high, and ongoing weakness in China has led to outlooks that have failed to meet Wall Street estimates. Look no further than Wednesday's disappointment from DuPont , the materials manufacturer that reported a soft to in-line fourth quarter,...