Jim Cramer's Top Takeaways: Apple, Williams-Sonoma, 3M
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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.
Apple (AAPL) - Get Report: What if Apple's new wearable, the Apple Watch, is a lot more than just a watch? What if it revolutionizes health and fitness monitoring and becomes a real game changer for medicine and medical research? These were just a few questions Cramer posited to viewers, noting that if any of them are true, Apple's stock, which he owns for his charitable trust, Action Alerts PLUS, surely doesn't reflect it.
Williams-Sonoma (WSM) - Get Report: Sometimes the market totally misjudges a company's earnings. That was the case with this high-end retailer, which delivered only in-line earnings with the slowest same-store sales growth seen in two years.
Williams-Sonoma is not a troubled company, however. It's a fabulous company that encountered one big problem -- the West Coast port shutdown, which left much of its merchandise at sea. Cramer noted the underlying business, as with all of Sonoma's brands including Pottery Barn and West Elm, are in great shape and the port problem is only a temporary issue.
With shares trading at just 19 times earnings, still below where they were when the company reported its quarter, Cramer felt they remain a steal for this terrific growth retailer.
3M (MMM) - Get Report: In an exclusive interview, Cramer spoke with Inge Thulin, chairman, president and CEO of 3M, a stock with a 2.5% dividend yield that's risen 28% over the past year, including reinvested dividends.
Thulin said that nearly a third of 3M's products didn't exist five years ago, a fact that helps his company maintain its 3% to 6% organic growth targets every year. He said 3M continues to stay relevant with its customers thanks to its continued innovation.
3M currently has over 46 technology platforms, Thulin noted, and a platform like its woven materials is able to produce items as diverse as respirators, air and water filters and insulation for clothing, cars and planes.
With all its innovation and its commitment to its dividend and share buyback program, Cramer said 3M remains a core holding that he will continue to recommend for all investors.
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At the time of publication, Cramer's Action Alerts PLUS had a position in AAPL.