Economy Blog

“Tonight, I’ve got two great American manufacturers that actually serve a purpose,” Jim Cramer told fans of his “Mad Money” TV show Thursday. He picked both Bucyrus International (BUCY) and Joy Global (JOYG) as the next two stocks in his new technology series. Cramer likes Bucyrus because the company has created a remote-controlled dragline, remote-controlled continuous miner and flame-resistant conveyor rolls. He likes Joy Global for its JOY Memory CUT, which makes the working environment safer for coal shearers. The company also makes a spray that cuts down on coal dusting, improving the life of cutting systems. He explained that BUCY trades at 19 times earnings, while growing at 31% and JOYG trades at 17.6 times earnings with a 17.5% growth rate. Cramer said Joy Global has less risk because it’s not as cyclical. He advised market players to wait for a dip to buy these stocks.
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