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

Image placeholder title

In an "Executive Decision" segment, Cramer also sat down with Gary Dickerson, president and CEO of Applied Materials (AMAT) - Get Applied Materials, Inc. Report , a stock that popped 6% yesterday and another 3.6% today after the company's bullish analyst day.

Dickerson started off by saying that things have never been better at Applied Materials. He said semiconductors are becoming more pervasive in our world and their value as a company in that world is increasing every year. No matter what product you're looking at, from TVs to smartphones, they're all made with Applied Materials.

Dickerson continued by saying that many investors have long memories for the boom-and-bust years of PCs, but in today's market, big data and artificial intelligence are driving high-performance computing that doesn't suffer from these cycles. Whether it's healthcare, transportation or entertainment, there's tremendous demand for different kinds of chips and more powerful chips.

Cramer told investors to own and not trade Applied Materials, a company which he said remains a great long-term story.

Over on Real Money, Cramer says he cares about things that move stocks, not for a few minutes or a few days but those that have a genuine impact on the future of the worth of companies. Get his insights with a free trial subscription to Real Money.

TheStreet Recommends

Cramer and the AAP team see good things happening for Abbott Laboratories (ABT) - Get Abbott Laboratories Report and Southwest Airlines (LUV) - Get Southwest Airlines Co. Report . 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.

More of What's Trending on TheStreet:

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