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Jim Cramer's Stop Trading! Comcast Comet

The trader wants to keep riding the red-hot cable outfit.

It's not yet time to ring the register on


(CMCSA) - Get Comcast Corporation Class A Report

, Jim Cramer said Thursday on


"Stop Trading!" segment.

Cramer said the cable giant, up 3% in midafternoon trading at $39 and change, remains a buy even after a 30% rally because of the momentum in its core cable business. After years of investing for the future, Cramer said, Comcast execs such as cable chief Steve Burke and CEO Brian Roberts are starting to reap gains that will stretch out into the future.

"The triple play really does work," Cramer said, referring to cable companies' efforts to sell phone, television and high-speed Internet service on one bill. "This is a great quarter, the beginning of many great quarters."

Cramer said he'd also be looking at cable-equipment supplier


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, which is up 6% at $13 Thursday on the heels of Wednesday evening's earnings beat. "They will get the lion's share" of Comcast's hefty spending on certain kinds of cable networking gear in coming years, Cramer said.

Cramer also urged investors to hold off on making big election bets in the stock market for now, though he said President Bush "is campaigning his darn best for the Democrats" by repeatedly discussing Iraq.

Cramer said a Democratic sweep of Congress appears to be reflected in recent market action, what with big pharma names and defense plays like


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TheStreet Recommends

selling off in anticipation of a "Democratic purge." Cramer said homeland defense plays such as


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have been mostly untouched on the assumption that domestic security funding will be off limits.

Cramer cautioned that he isn't sure he buys the Democratic sweep notion and said it will be easier to predict the market impact of the elections next week. In the meantime, he recommended that the president stick to talking about "anything but Iraq."

"Maybe," Cramer gibed, Bush could "talk about how

Norfolk Southern

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was up 3" Wednesday.

At the time of publication, Cramer had no position in stocks mentioned.

Jim Cramer is a director and co-founder of He contributes daily market commentary for's sites and serves as an adviser to the company's CEO. Outside contributing columnists for and, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

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