Cramer's 'Stop Trading!': Jump for Joy Global
"I thought it was all-systems go," said Jim Cramer on Wednesday's "Stop Trading!" segment, referring to Joy Global's(JOYG) second-quarter earnings.
"This was a dynamite quarter," he said. "In the midst of this economy, that these guys could do this number, who knows what could happen if the world gets better?" He said he also likes Bucyrus(BUCY). "These are both really fine companies." Nucor(NUE) has offered a "hefty dividend" year after year, said Cramer. "You can bank on it." "The bottom line," he said, "is that you need great management to run a steel company." Nucor's President, Chairman and CEO Dan DiMicco "does a great job." He also complimented U.S. Steel(X) Chairman and CEO John Sturma for the recent secondary offering of the stock at $25.50, which "made a lot of money for people," said Cramer. U.S. Bancorp(USB) and PNC(PNC) "are both very fine banks," said Cramer. He said that people worry about the banks' having to raise more money, and "it's putting a lid" on them.>To order reprints of this article, click here: ReprintsTheStreet Premium Services For Personal Service: 877-471-2967
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