However, with the spread of the latest news, the company might have entered troubled waters. It's now trailing the list of 30 companies with almost the biggest decline of about 1.5%. "Watch my initials JJC [iPath Dow Jones UBS Copper Total Return Sub-Index ETN (NYSEARCA:JJC)], it seems to go down every day, it's not me, it's copper. I also know that […] iron ore has peaked, it's gonna be like multiple years bad […]," said Jim Cramer. Beside these external factors pulling Caterpillar Inc. (NYSE:CAT)'s stock, Bank of America Merrill Lynch's team mentioned the negative growth in China and the recession in Brazil as also being influential to the downgrade decision. There might be a possibility in which the company, gets back on the rails and starts enjoying lifts in its stock price, but it's less than likely due to the grandeur of the industry it's tied to.