Outlook for Autodesk: Cramer's Top Takeaways

Did you miss "Mad Money" on CNBC? If so, here are some of Jim Cramer's top takeaways.

What happens when a market darling suddenly turns on a dime? You need to determine whether you have a broken stock or a broken company, Cramer told viewers, as he dove into the recent decline in Autodesk (ADSK) .

Autodesk had been one of the top 20 best performing stocks in the S&P 500 up until Thanksgiving, with shares that were up 75% for the year. But that all changed when the company last reported earnings, sending shares tumbling from $130 to just $109 in a single day.

Did Autodesk miss earnings by a mile? Slash estimates? Forecast a huge slowdown? No. In fact, earnings were better than expected, but the company gave a tepid outlook, lowering the top end of their subscription guidance from 675,000 subscribers to just 650,000.

This small change may not seem like a big deal, but for a high-flying stock, you can't just beat earnings, you need to crush them. That adds a new level of uncertainty to Autodesk, which caused Cramer said say he wouldn't start a new position in the company. Instead he'd be patient and see what next quarter brings.

Over on Real Money, Cramer wonders what industry will Amazon.com (AMZN) destroy next or what happens if people stop buying iPhones. Get more on his insights with a free trial subscription to Real Money.

Cramer and the AAP team find it interesting that the Allergan (AGN) CEO is buying shares. Find out what they're telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts PLUS.

Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.

To read a full recap of this episode of "Mad Money," click here.

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here.

At the time of publication, Cramer's Action Alerts PLUS had a position in AGN.