Cramer's 'Mad Money' Recap: Time for Terex

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It's time to back up the truck on Terex(TEX Quote), Jim Cramer told his "Mad Money" viewers Friday night. The company makes equipment for the construction, infrastructure, transportation and maintenance industries. And with a highway bill on the way, Cramer thinks it makes a lot of sense to buy the stock.

The company has a hand in many areas, Cramer said. Terex makes mining equipment. Terex makes trucks to move shale for oil exploration. TEX makes hydraulic construction lifts for homebuilding. Terex makes machinery used to repave and reclaim roads.

But listen, Caterpillar(CAT Quote) sells at 13 times next year's earnings. Terex could be selling at eight times next year's earnings. Why is Terex so cheap? Because the company still hasn't filed its financials. And the company is restating as well. That has everyone nervous, Cramer said. Terex will deliver its financials on Aug. 4, and Cramer believes that the company will put everyone's fears to rest. Indeed, "if there was a real accounting issue," Cramer said, "I would not even mess with this."

How about the fact that the stock was up $3.57 on Friday? "Sometimes you have to buy high and sell higher," Cramer said. Caterpillar is a Lexus, Cramer said. And Terex is a Toyota. "But what the heck," Cramer continued, "Toyota makes a lot of money, too.

As a result, Cramer made Terex his pick of the week - for next week.

Whoa Whole Foods

Doing a little housecleaning, Cramer discussed Whole Foods Market's(WFMI Quote) blowout third-quarter results, which the company delivered on Thursday night. The stock tacked on $14 and change Friday. That price increase was mostly a correction, Cramer pointed out.

More to the point, Cramer said it was really an incorrection -- by the analysts who wrongly downgraded the stock prior to Thursday's earnings results. On Thursday night, Whole Foods' superb earnings corrected all of the analysts, Cramer continued. As a result of Whole Foods' blowout earnings, Cramer now believes analysts will likely upgrade the stock.