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Jim Cramer Return Risk +2.29% MID Tracked Blogger Profile & Performance Subscribe to author

Symbol Sentiment Start Return Closed JOYG 12/10/08 +163.54% 11/11/09 DAI 12/10/08 +52.08% -- NYX 12/10/08 +5.81% -- RTP 12/10/08 +132.95% -- TRN 12/10/08 +22.74% -- FCX 12/10/08 +59.43% 03/09/09 FWLT 12/10/08 +24.01% -- BUCY 12/10/08 +180.22% 11/11/09 MA 12/10/08 +69.84% -- CHN 12/10/08 +25.10% -- Via BloggingStocks:   Filed under: DaimlerChrysler (DAI), China, Market matters, MasterCard Inc'A' (MA), NYSE Euronext (NYX), Rio Tinto plc ADS (RTP), Freep't McMoRan Copper (FCX), Stocks to Buy, Cramer on BloggingStocks From TheStreet.com Network Rio Tinto Plans to Slash 14,000 Jobs China Exports Fall for First Time in 7 Years TheStreet.com's Jim Cramer says the near term is muddy, but this mining-equipment maker is a long-term win. Bucyrus International (NASDAQ: BUCY) (Cramer's Take) really captures this moment. When I was speaking last night to its terrific CEO, Tim Sullivan, I was conscious that his company's stock is at the fulcrum of everything that is going wrong and everything that is going right in this market. Bucyrus, if you recall, makes mining equipment. It's really the only game in town other than Joy Global (NASDAQ: JOYG) (Cramer's Take), as the mining machinery business was annihilated by years of underinvestment. The company became the quintessential play on mining as orders, particularly from China, for new coal mining equipment soared each year. China's opening a new coal-fired energy plant every week, so you know that there's demand. The hedge funds glommed on to this one big-time. Like in so many that we are familiar with -- MasterCard (NYSE: MA) (Cramer's Take), Trinity (NYSE: TRN) (Cramer's Take), Foster Wheeler (NASDAQ: FWLT) (Cramer's Take), NYSE Euronext (NYSE: NYX) (Cramer's Take) and Freeport-McMoRan (NYSE: FCX) (Cramer's Take) -- they took concentrated positions in this and Joy Global and intended to ride the commodity boom for years. Continue reading Cramer on BloggingStocks: Bucyrus is a buy on China's resurgence Cramer on BloggingStocks: Bucyrus is a buy on China's resurgence originally appeared on BloggingStocks on Wed, 10 Dec 2008 09:18:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments   Read the rest of original post »

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