Cramer Takes Cat Over Joy (CAT, JOYG)

On CNBC’s MAD MONEY, Jim Cramer did a comparison analysis of Caterpillar, Inc. (NYSE: CAT) against Joy Global Inc. (NYSE: JOY)…. Please note that JOY is the new ticker rather than the former JOYG.

What is interesting is that Jim Cramer did not really want either stock right now because they have rallied too much.  In a pinch Cramer was more endorsing of Caterpillar over Joy Global because of the track record.  He thinks that Joy has too much risk about the coal market regulation if President Obama is re-elected in November.  The big take is that Caterpillar should be put on a watch list and that it should only be bought if it pulls back.

Both stocks are within 10% of highs, but Caterpillar is closer at $113.78 versus a 52-week range of $67.54 to $116.55.  We would note that the degree of any pullback was not given.  Thomson Reuters has a consensus price target of $128.06 as of today.

Not exactly ringing endorsements on either machinery player…