Farrell was also quick to note that current customers of Dominion will not bear the burden for the new project because it will be funded by a separate subsidiary. The terminal will create 7,000 jobs on site and another 15,000 throughout the region, said Farrell, and will be a big economic boon for Maryland.
Cramer praised Dominion for being a remarkable utility that now has given investors one more reason to like it.
The Apple of His Eye
What happens when investors don't understand what they own? When they let fear control their decisions instead of opportunity? You get the stock of
(AAPL - Get Report)
, said Cramer, a stock that's become a de facto barometer for the entire market.
That's why he took a few moments to dive into this
Action Alerts PLUS
holding and explain what's really going on.
Cramer said the decline in Apple is all about taxes because tax rates on capital gains will be heading higher as of Jan 1. That means investors would be prudent to lock in their gains now, at lower rates, rather than wait and pay higher rates on Jan. 2. But what happens after Jan. 2?
After the tax-related selling is over, Cramer said, Apple's technology, rather than its technicals, will once again be in control as investors realize sales of iPhones and iPads are on fire and this great technology company is trading at the lowest multiple in all of the
Four weeks from now, said Cramer, everything that is against the stock now will be in its favor, and only then will shares resume their trek higher.
In the Lightning Round, Cramer was bullish on
SPDR Gold Shares
Cramer was bearish on
Building a Better Company
In a second "Executive Decision" segment, Cramer spoke with Tom Sullivan, chairman and founder of
(LL - Get Report)
, a housing-related stock that's up 200% so far this year, trading just six points off its high after an earnings beat of 12 cents on a 12% rise in same store-sales.