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NEW YORK ( TheStreet) -- Can investors Washington-proof their portfolios? That was the question Jim Cramer asked on "Mad Money" Wednesday as he tried to answer what everyone wants to know, "What should I own going into the looming government shutdown debate?".
Cramer said that investors can count on one thing: just as soon as the markets digest one bit of news, i.e. last week's Federal Reserve announcement, it will immediately move onto the next bit of news, which, unfortunately, involves another lengthy debate over the debt ceiling, health care and a probable government shutdown.
But while some companies blame Washington for their misfortunate quarterly results, others, including
(AAPL), a stock Cramer owns for his charitable trust,
Executive Decision: Jim WhitehurstIn the "Executive Decision" segment, Cramer spoke with Jim Whitehurst, president and CEO of Red Hat (RHT - Get Report), the open-source software provider that saw its shares fall 11% earlier this week after Wall Street decided the company's 2-cents-a-share earnings beat and maintained guidance weren't enough to justify its valuation. Whitehurst said there are multiple ways to look at growth, and the Wall Street community decided to look at only one of them -- billings. Unfortunately, billings offers an incomplete picture, he continued. As deal sizes surpass $10 million, many companies are choosing to pay over time rather than all upfront, which makes longer-term cash flows a more important number to look at, Whitehurst explained .
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