Jim Cramer's Top Takeaways: PVH, Paychex, Kraft, WhiteWave
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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.
PVH (PVH) - Get Report: In an exclusive interview, Cramer sat down with Manny Chirico, PVH chairman and CEO, to learn what's behind the stock's 19% decline so far this year.
Chirico said that despite sizable currency headwinds this quarter, the underlying business at PVH remains very strong. He said the investments the company has made in its Calvin Klein and Tommy Hilfiger businesses are starting to pay dividends, but those investments may be hard to spot through the currency morass.
When asked about the currency issues, Chirico noted his company dedicated almost half its earnings release talking about the challenges. PVH derives about 60% of earnings from overseas, with half that stemming from Europe.
Turning to the topic of growth, Chirico said PVH continues to be focused on growth through acquisitions and by expanding their brands, but they will also look into returning cash to shareholders later this year.
Paychex (PAYX) - Get Report: In a second exclusive, Cramer spoke with Marty Mucci, president and CEO of Paychex, a stock that's up 7% since Cramer last checked in last December.
Mucci painted a bullish picture of our economy, saying that employment remains positive, albeit cautious in some sectors. He said that human resource outsourcing services remain their fastest growing products as more and more companies are requesting assistance to comply with Obamacare and other regulations.
Mucci said typically companies with between 50 and 500 employees show interest in HR services, but the increased complexity of owning a business is causing companies with as few as 25 employees to becoming interested in what Paychex has to offer.
Kraft Foods (KRFT) : Did investors miss the move in Kraft now that shares have popped 36% on a takeover by Heinz? Cramer said that while Kraft is clearly on the wrong side of the natural and organic food movement, there is still some promise for growth now that Kraft's stable of brands can be expanded around the globe.
Shares of Kraft will never compare to a WhiteWave Foods (WWAV) , a stock that's up 144% over the past two years, which is why Cramer's betting with the natural and organic crowd when it comes to his Action Alerts PLUS portfolio.
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At the time of publication, Cramer's Action Alerts PLUS had a position in WWAV.