This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Cramer: Joy Is In America, But It's a China Stock

NEW YORK ( TheStreet) -- Debra Borchardt: Joy Global (JOY - Get Report)reported its earnings. They had kind of a gloomy outlook on mining. Jim, let's talk about that. I mean, clearly coal has pulled way back because a lot of the power companies are going to nat gas because it's so cheap.

Jim: Yeah, and also an activist EPA. In the second term ofn Obama a lot of the coal plants that were built in the Jimmy Carter era -- which were meant to last 40 years so do the math -- are coming to their natural end of their life and could be extended. Perhaps you put more filters on them, you do what it makes it so coal is a little bit cleaner. But to me it's an end game.

I mean, I think honestly if these coal plants weren't in coal states you would already see them be phased out more aggressively. I think that the executives there are caught among the rate payers, the coal miners and the EPA. But overall coal is going away in this country. Now, Sutherlin, CEO of Joy, knows it's a China play, it's an India play, it's a refurbishment of current material play. What I took heart in that one line in the release, which was that the electric use of China continues to go higher, which is an unrejiggered statistic that is like a lot of people are saying like their PMI number is phony or this number is phony or that can go on, but electricity demand is going higher in China and I think that's industrial, it's consumer...

Debra Borchardt:They love coal.

Jim:... and yes, they do love coal. In my fantasies, I envision slapping tariffs on them for all the jobs they took from us, and then making stuff that pollutes the earth, and then they send it back to us. I was just going over that with my very environmental, anti-pollution daughter, and I said, 'Listen, China is the problem.' China is addicted to coal and China is the problem for the global warming, but it sure isn't the problem for like Sutherlin and Joy. It's good news.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
JOY $20.00 -5.35%
YUM $79.72 -1.54%
AAPL $95.18 1.64%
FB $117.43 -0.96%
GOOG $692.36 -0.84%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs