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This would be the 19th missile test this year for North Korea.
Fallout from this recent crash and others could hinder Orbital's efforts to gain share in the launch business, while complicating the outlook for other companies that rely on these rockets.
The trading panel has favorites in housing, drones and defense spending.
Cramer prefers Garmin to Trimble Navigation and recommends Kohlberg Kravis Roberts and Blackstone Group.
Today was a terrific snap-back rally, a day when the bears retreated and calmer heads could take advantage of all the positives that go unappreciated on most days, Cramer says.