Jim Cramer's Top Takeaways: Federal Realty Trust, Ulta Salon, Stryker

Cramer says Ulta is one of the best of the consumer stocks while Stryker is a leader in health care.
By Scott Rutt ,

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Did you miss last night's "Mad Money" on CNBC? If so, here are Jim Cramer's top takeaways for today's trading.

Federal Realty Investment Trust (FRT) - Get Report : In a Mad Money exclusive, Cramer sat down with Don Wood, president and CEO of Federal Realty Investment Trust, the shopping center real estate investment trust that yields 2.3%.

Wood explained that today's consumer expects and demands a level of service that didn't even exist five years ago. They want not just shopping but to live in a place that's convenient, away from traffic but close to transit, and has all of the amenities including movies, health clubs, spas and services.

Wood said that the term "lifestyle center" has surfaced recently and the term simply means a place that fits the way you want to live.

Federal Realty is ready for this new world, and Wood noted his company has seen a lot of transformations but has still managed to raise its dividend every year since 1967.

Ulta Salon (ULTA) - Get Report and Stryker (SYK) - Get Report : In the next installment of his "Half Year in Review" series, Cramer examined how the consumer discretionary and healthcare stocks fared during the first half of 2016.

The consumer discretionary stocks were essentially flat on the half, averaging down just .13%. But don't let that number fool you. Cramer said the results were wide ranging, with department stores falling, while retailers offer value soaring. Topping the list was Cramer fave Ulta Salon, up 37%. Cramer said he expects this retailer to continue to deliver for the rest of 2016.

The healthcare cohort suffered a similar fate, off an average of .44% with wide ranging results. HMOs and medical devices performed well, while biotech and drug makers struggled. Cramer recommended the biggest winners, which included implant maker Stryker (SYK) - Get Report , up 29%.

To read a full recap of "Mad Money" on CNBC, click here.

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At the time of publication, Cramer's Action Alerts PLUS had no position in stocks mentioned.

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