Jim Cramer was bullish on Dominion Resources ( D) and Joy Global ( JOYG) on his "Mad Money" show Wednesday night.

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 ( RealMoney contributor) talks about Dominion in a video that appeared on TheStreet.com Thursday morning.

Cramer also spoke with Joy Global ( JOYG) 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.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, 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 Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

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