Jim Cramer's Top Takeaways: Stanley Black & Decker, Flex, DexCom
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NEW YORK (TheStreet) -- Did you miss last night's "Mad Money" on CNBC? If so, here are Jim Cramer's top takeaways for today's trading.
Stanley Black & Decker (SWK) - Get Report , Fortune Brands Home & Security (FBHS) - Get Report , Masco (MAS) - Get Report and Masonite (DOOR) - Get Report : With sales going gangbusters at both Lowe's (LOW) - Get Report and Home Depot (HD) - Get Report , how can investors profit from the home improvement revolution? Cramer said don't think Whirlpool (WHR) - Get Report , as that company has too much exposure to Brazil. Instead, Cramer offered up four other names investors can sink their teeth into.
When investing in the home improvement space, Cramer said investors need secular growers and not cyclical ones that need the U.S. economy to flourish. That means names like Stanley Black & Decker (SWK) - Get Report , Fortune Brands Home & Security (FBHS) - Get Report , Masco (MAS) - Get Report and Masonite (DOOR) - Get Report .
These stocks may seem expensive, but given the current trends toward new household formation, they're only just getting started.
Flex (FLEX) - Get Report : In an exclusive interview, Cramer sat down with Mike McNamara, CEO of Flex, formerly known as Flextronics, the contract manufacturer that has evolved into an innovation factory, providing design, production and distribution services to companies looking to offer new technologies.
McNamara singled out Nike as one of Flex's many customers. He said Nike blends technology with style and Flex is helping the company with automation, supply chain management and manufacturing. Flex also counts Fitbit (FIT) - Get Report as a customer and helps that company manufacture its wearable fitness devices.
Flex has its hands in many areas, including automative technology to help detect drowsy drivers, to medical devices and equipment, to the connected home where Flex aims to integrate our many devices with centralized management.
Cramer said Flex is and remains one of the most exciting companies in technology.
DexCom (DXCM) - Get Report : In his second exclusive interview, Cramer sat down with Kevin Sayer, president and CEO at DexCom, makers of real-time blood glucose monitoring systems. Shares of DexCom are up 53% for the year.
Sayer touted his company's new G5 platform, that allows diabetic patients to get their glucose readings right on their smartphones without having to carry a second device. He said the sensors for the G5 last a week and typically cost patients less than $15.
DexCom has also partnered with Google Lifesciences, a division of Alphabet (GOOGL) - Get Report , a stock Cramer owns for his charitable trust, Action Alerts PLUS. Sayer noted the collaboration with Google has been a lot of fun so far.
Turning to future products, Sayer said that while his company has been laser focused on glucose monitoring, their technology could see additional sensors over time.
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At the time of publication, Cramer's Action Alerts PLUS had a position in GOOGL.