"I thought it was all-systems go," said Jim Cramer on Wednesday's "Stop Trading!" segment, referring to Joy Global's(JOYG Quote) 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 Quote). "These are both really fine companies." Nucor(NUE Quote) 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 Quote) 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 Quote) and PNC(PNC Quote) "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.- Loading Comments...
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