Did you miss "Mad Money" on CNBC? If so, here are some of Jim Cramer's top takeaways.
For an "Executive Decision" segment, Cramer spoke with Todd Teske, chairman, president and CEO of engine maker Briggs & Stratton (BGG) - Get Briggs & Stratton Corporation Report , which soared to three-year highs despite posting just a penny-a-share earnings beat and reaffirming existing guidance forecasts. Shares of Briggs are up 15% on just the past month.
Teske said that Briggs' strength stems from strong execution and a repositioning of its portfolio away from the residential market and into more commercial products. In the residential market, Teske said, the high-end has been strong, but they are now starting to see a pickup in starter homes and step-up homes.
The real opportunity for Briggs is in the commercial market, Teske added, saying that the company has just a 10% market share -- but new innovations, like engines that have a 500-hour maintenance window compared to the typical 100-hour window, are really making a difference.
When asked about the effects of steel tariffs, Teske said that tariffs are still in the early stages but they're keeping a close eye on all of their material costs. He noted that 85% of Briggs' products are still made in the U.S., but a shortage of skilled labor remains a problem.
Cramer said this quarter might be the tipping point for Briggs, which is a lot less dependent on the weather and residential products.
Meanwhile, over on Real Money, Cramer says alternatives to stocks -- things like bonds, gold and real estate -- seem very expensive compared to owning stocks. Get his insights with a free trial subscription to Real Money.
Cramer and the AAP team note that Arconic (ARNC) - Get Arconic, Inc. Report reported very strong first-quarter results. Find out what they are telling their investment club members about the company's proxy battle. Get a free trial subscription to Action Alerts PLUS.
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At the time of publication, Cramer's Action Alerts PLUS had a position in ARNC.