Emerging Market Demand

In the "Executive Decision" segment, Cramer once again spoke with Mike Sutherlin, president and CEO of mining equipment maker Joy Global ( JOYG), a stock that fell over $5 today after rivals Walter Energy and Alpha Natural Resources lowered their production outlooks.

Sutherlin said that Joy Global sees the U.S. as a slow growth market, but it still sees significant demand from the international markets and in particular emerging markets. He said the shortfalls seen by Walter and others were a result of production problems rather than of falling demand. Metallurgical coal, he said,is mined in more difficult conditions.

When asked for more details on emerging markets, Sutherlin said that China and India are seeing some slowing in their economies, but over there slowing means dropping from 9% growth to 7% or 8% growth and not the 2% growth the U.S is experiencing. He said both China and India are rapidly building their electrical grids, China at 14% a year and India at 8% a year.

When asked to compare today's environment to that of 2008 when the mining stocks plummeted, Sutherlin noted that in 2008, Joy Global saw $600 million in order cancelations, something that's not happening today. "I feel good about our backlog," he said.

Joy Global has also shortened lead times for delivery of its equipment to just one year, down from two years, giving the company a more solid outlook. "We work side by side with clients," said Sutherlin, so they know which projects are in active development versus those still on paper.

Cramer said today's fall in these stocks was purely an emotional reaction, and he urged investors to let the prices come down and the emotions pass before they buy in.

Social Gaming Boom

In a second "Executive Decision" segment, Cramer sat down with John Riccitello, CEO of Electronic Arts ( ERTS), the No. 2 player in social gaming online. Shares of Electronic Arts trade at 19 times earnings, a level that Cramer said is far too small given the huge opportunity in front of the company.

Riccitello said that his company's console gaming business, which includes titles for Sony's ( SNE) Playstation and Microsoft's ( MSFT) Xbox360, are still growing in the high single digits, but mobile and social gaming is now growing at double- and even triple-digits. He said that Electronic Arts has tripled its online user base in just the past three to four months.

Riccitello said that mobile and social games are being played worldwide and one of Electronic Arts' strengths is its ability to bring its already popular console games to the new, emerging platforms like mobile and Facebook.

When asked about Zynga, the highly anticipated IPO, Riccitello said that Zygna is almost entirely a social gaming player on Facebook and the company did have a first mover advantage.

However in recent months, he said Electronic Arts has closed the user gap from 10:1 to just 3:1 and is aggressively targeting Zynga's user base.

Riccitello noted that Electronic Arts is now the number one gaming company on Apple's ( AAPL) iOS platform that powers the iPhone and iPad. Cramer owns shares of Apple for Action Alerts PLUS.

Riccitello closed the interview with a demo of the Sims Social game, which like the original Sims title, follows people through a simulated home life, complete with bills and relationships. However with the new social edition, players can interact with and visit the homes of other real-life players as well as buy items using real money to speed up the process of becoming the coolest house on the street.

Cramer said he remains a fan of Electronic Arts, the fastest growing stock that he follows.

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