On Thursday, shares of Dominion Resources closed lower, down $0.51, or 1.80% to $27.89. Shares of Joy Global closed lower, down $0.86, or 4.90% to $16.69.
Cramer interviewed Tom Farrell, chairman, president and CEO of Dominion Resources. Farrell announced that Dominion's directors and officers just purchased 75,000 shares of the company's stock because they feel the shares are under valued.
Regarding President Obama's cap-and-trade initiatives, Farrell said Dominion should fare well, as the company is already in the bottom third of utilities when it comes to carbon intensity.
Cramer called Dominion an Obama resistant utility and said if company management is buying shares, then he's buying too.
Below, Dan Fitzpatrick (
contributor) talks about Dominion in a video that appeared on
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Cramer also spoke with
president and CEO Mike Sutherlin about the outlook for the company. Sutherlin was upbeat, noting that while the company's top line growth is slowing, Joy Global is increasingly focusing on efficiency and improving the bottom line.
Cramer gave a thumbs-up to Joy Global for being resilient in tough times.
At the time of publication, Cramer had no positions in stocks mentioned.
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