Did you miss "Mad Money" on CNBC? If so, here are some of Jim Cramer's top takeaways.
In an "Executive Decision" segment, Cramer sat down with Chuck Robbins, CEO of Cisco Systems (CSCO) - Get Cisco Systems, Inc. Report , which delivered quarterly results that saw both a top and bottom line beat but also a rise in deferred revenues as the company morphs from a hardware vendor into more of a software and services provider.
Robbins called out Cisco's 51% increase in subscriptions as one of the high points of the quarter, saying that his company's strategy is working and more customers are looking for cloud and security services. He said that Cisco has two levels of innovation, both organic and via acquisition, with AppDynamics being one of the stand outs.
When asked about the Trump administration's tax reforms, Robbins said that he feels tax reform will get done this year and overall he sees a good business environment in the U.S., more so than in Europe, where there is more uncertainty.
Meanwhile, on Real Money, Cramer bemoans the never-ending battle with stupidity. In this market, he says, information's not being valued correctly. Check out Cramer's strategies with a free trial subscription to Real Money.
Cramer and the AAP team are taking the temperature of their stocks and trimming a little of the hot ones: Costco (COST) - Get Costco Wholesale Corporation Report and Walgreens (WBA) - Get Walgreens Boots Alliance Inc Report . Find out what they are telling their investment club members with a free trial subscription to Action Alerts PLUS.
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At the time of publication, Cramer's Action Alerts PLUS had positions in CSCO, WBA and COST.