Did we hear Harman say anything bad about its business on the call? Nope. Professional (sound for shows like the Grammy's), personal (the fabulous at-home speakers), headphones and auto infotainment are doing much better than analysts thought. Yes, there was a gross-margin in issue in one small line of business. More importantly was that the company has won a huge number of orders from auto companies worldwide, and once they are in they are very difficult to dislodge. When we checked around to see whether there is anything that we might be missing, we heard that some thought Apple (AAPL) would challenge them with an in-car system.
I frankly found that absurd. Although I can see that their recent partnership with HTC might be annoying to Apple, there are many things that are annoying, and let's just say it isn't what's driving the stock.
Both have huge moats. Harman's embedded in pretty much every car company in the world. Domino's has harnessed social media, notably Facebook (FB), to generate a huge number of digital orders, which has been a terrific way for the company to take share in the competitive pizza delivery market. The moms and pops just don't have the horses.
Now, of course, when you have these island reversals the stocks are now being consigned to the dustbin. I am totally cognizant of that. These two need to stabilize, especially because all of the hot money that came in on the opening has got to be flushed out.And while I am sure there are things that I am missing, I think these two stocks, so fabulous for so long, remain terrific places for the growth investor to be in. They have the best managers, the most consistent sales and earnings profiles and among the best order momentum -- pizzas and infotainment -- of the vast majority of companies I follow. Action Alerts PLUS, which Cramer co-manages as a charitable trust, has no positions in the stocks mentioned. Editor's Note: This article was originally published at 5:42 a.m. EST on Real Money on May 2.
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