Friday's kind of broad rally has eluded Wall Street for quite some time. We hope it has legs

Caterpillar excavators are displayed for sale at the Whayne Supply Co. dealership in Louisville, Kentucky, Jan. 27, 2020.

Luke Sharrett | Bloomberg | Getty Images

The winner’s circle on Wall Street widened out — on Friday, at least — as sleepier parts of the market like industrials powered the lagging Dow higher by 2%. Club name and Dow stock Caterpillar (CAT) was one of the leaders, soaring more than 8% and accounting for over 100 points of the 30-stock average’s 700-point surge. Before it really got going Friday, Jim Cramer said during our Morning Meeting that CAT was one of the most undervalued stocks in our portfolio.