Catepillar (CAT), Terex (TEX), Parker Hannifin (PH): Cramer calls the major selloff in CAT on Friday "ridiculous" and notes that in spite of troubles with housing, some of its businesses are "on fire." He would buy the stock with two points down and ten points up. Even with no housing exposure, TEX is down 9% and PH has declined 8% and Cramer would buy both of them.
3M (MMM): Cramer says that 3M reminds him of CAT since it went down too far too fast because of July earnings warnings. He predicts that analysts will raise their estimates and says that 3M is a buy.
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