Cramer welcomed Michael Sutherlin, president and CEO of
Joy Global (JOYG Quote - Cramer on JOYG - Stock Picks), to discuss his company's stellar earnings call from earlier Thursday.
Cramer last recommended Joy Global back on March 1 and is up a quick 2.2% in the stock. But Cramer wanted to learn more after Sutherlin's raised the company's yearly earnings guidance from $2.96 to $3.22 a share to $3.15 to $3.30 a share.
Sutherlin confirmed that Joy Global is seeing unprecedented demand for coal, copper, iron ore and oil sands, and is therefore seeing unprecedented demand for its mining equipment. Sutherlin acknowledged that some of the rise in commodity prices may be partially due to speculators and hedge fund manipulation, but felt overall, the rise in prices is simply due to increased worldwide demand.
Sutherlin also confirmed unprecedented demand for coal being used in power generation. He explained that all natural resources are now in high demand, and Joy Global is helping to get the maximum benefit from coal, oil, and natural gas.
Cramer simply told viewers that their opportunity is now. "Pull the trigger," he said.
Sell Block
In the Thursday "Sell Block" segment, Cramer discussed an entire series of stocks that he got wrong. On Feb. 25, Cramer featured five stocks in what he called an international wireless bull market. The stocks included
Mobile Telesystems (MBT Quote - Cramer on MBT - Stock Picks),
Vimpel Communications (VIP Quote - Cramer on VIP - Stock Picks),
Millicom International (MICC Quote - Cramer on MICC - Stock Picks),
Telkom Indonesia (TLK Quote - Cramer on TLK - Stock Picks) and
Turkcell (TKC Quote - Cramer on TKC - Stock Picks). Collectively, these stocks are down 12%, in a period where even the
S&P 500 managed a 1% gain.
TheStreet.com Staff
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