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

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Shares of Flex (FLEX) - Get Flex Ltd. Report have been on a tear, rising almost 30% in 2016 and already up another 13% in 2017. "What a winner," Cramer said of the stock, which trades at just 12 times next year's earnings. He sat down with CEO Mike McNamara to discuss the company's current business.

McNamara expressed excitement in a number of areas, particularly augmented and virtual reality. This industry is not a gimmick, he told viewers. Gaming is a big market, but so are the commercial applications for AR and VR.

When Cramer asked about the potential for these technologies to eliminate jobs, McNamara said that rather than replacing jobs it will simply change how we work. Plus, it will spur job growth in this new industry as people will be needed to design, code and manufacture these devices.

Outside of AR and VR, other segments have taken hold. Personalization -- such as on a pair of Nike (NKE) - Get NIKE, Inc. (NKE) Report shoes -- is becoming more of a reality as companies begin to digitize their supply chain and manufacturing process.

How does this benefit Flex? Basically, companies already have the product or the technology, but they need it manufactured. By partnering with Flex, the company is able to use its innovative processes to ultimately bring those products to market.

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McNamara also talked about the company's growing potential in self-driving cars and health care. These businesses now make up a much larger part of revenues, he added.

Meanwhile, on Real Money, Cramer says that whether it's the Fed or a pro-business president, the current market environment calls for a wholesale shift in our thinking. Check out Cramer's strategies with a free trial subscription to Real Money.

Cramer and the AAP team are trimming a little Arconic (ARNC) - Get Arconic, Inc. Report and adding some Snap-On (SNA) - Get Snap-on Incorporated 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 ARNC and SNA.