Did you miss "Mad Money" on CNBC? If so, here are some of Jim Cramer's top takeaways.
For an "Executive Decision" segment, Cramer sat down with Martin Schroeter, CFO at IBM (IBM) - Get Report , which surprised Wall Street Wednesday with a two-cents-a-share earnings beat on better-than-expected revenues -- the strongest in five years. Shares responded by rising 8.8% by the close.
Schroeter said the quarter looked just as they had predicted earlier this year, when IBM said the second half would be stronger. He said many of the company's initiatives have longer arcs but they are slowly coming to fruition. International sales are also being helped along by a weakening U.S. dollar.
When asked about those initiatives, Schroeter explained that there's so much data in the world, making cognitive technologies, like IBM's Watson, more necessary than ever. In areas like healthcare, for example, Watson can elevate a doctor's abilities to new levels.
Schroeter also touted IBM's new encrypted mainframe systems that keep data secure, all without losing performance. He was also bullish on IBM's blockchain technologies, where his company continues to be a leader. Schroeter said IBM will continue to invest in all of these areas to create a great portfolio of high-value services.
Cramer said IBM is telling a better story than its current share price reflects.
Cramer and the AAP team say good news is spreading throughout their portfolio. 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.
Cramer will host CNBC's Jon Najarian, TD Ameritrade's JJ Kinahan, famed analytics expert Marc Chaikin and other market experts on Oct. 28 in New York City to share successful strategies for active investors.
You can join them as they discuss how smart investors can make the most of options trading, futures contracts, fundamental and quantitative analysis and great ETFs to buy right now. Participants will also get a chance to meet Jim and other panelists.
When: Saturday, Oct. 28, 8 a.m. to 3 p.m.; Where: The Harvard Club of New York, 35 West 44th St., New York; Cost: $250 per person. Click here for the full conference agenda or to reserve your seat now.
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At the time of publication, Cramer's Action Alerts PLUS had a position in FB.