RealMoney Radio Recap: Election Fright

Cramer said there was a time when he would have called Joy Global the "best in show," but then "it missed a quarter down the road, and the Street turned on it."

"It was some turn," he said. "The stock lost more than half its value from the miss and from the errant May Fed tightening."

After recommending a swap into Caterpillar, another viewer emailed Cramer Thursday morning and commented on how "mining companies are ramping up production at an unprecedented rate to mine lower grades," which requires a larger number of replacement vehicles and aftermarket services.

Because there are only two companies in this sector -- Joy Global and Bucyrus (BUCY Quote) -- the viewer asked how Cramer could not recommend Joy Global.

Cramer believes that the viewer is right and that there is a "tremendous scarcity of assets in this group."

Although he wanted to be consistent with his Monday recommendation of Caterpillar, "things are still smoking" at Joy Global and "the stock is worth recommending," Cramer said.

The real lesson here is that there are opportunities, Cramer said. "Stay at the table."

Out of the Woods

After spending five years in the "wilderness," Comcast (CMCSA Quote) became "one of the big ones, or among the top-five performers in the stock market for two decades," said Cramer.

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