Cramer's 'Mad Money' Recap: Quanta Leap

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After a day like Thursday, when investors feel like they're at the mercy of the stock market, what people need is a powerful business, one able to take control of its own future, Jim Cramer told viewers of his "Mad Money" TV show Thursday. "We need Quanta Services (PWR - Cramer's Take - Stockpickr)."

This small mid-cap stock, he said, has what it takes to withstand market volatility. Quanta has also recently acquired its main competitor, InfraSource Services.

This merger, which closed on Oct. 30, should allow Quanta to cut $20 million in costs next year and save money, he said. More importantly, he added, it will give the company scale, or more control in negotiating business.

Quanta is a play on infrastructure, "a bull market that is still holding up," Cramer continued. It is focused on the "nation's dismal power grid" and among other things, puts up cell phone towers and traffic lights. Quanta's customers have the money to pay the company for its services, he said.

In addition, the power grid builder's "big and juicy" backlog gives it earnings visibility, Cramer said.

Quanta may get pushed around by the market in the near future, but with one merger, it's taken the future of its business into its own hands, according to Cramer. He said the company has laid the groundwork for lifting the stock much higher, and analysts should further help this happen.