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Did you miss last night's "Mad Money" on CNBC? If so, here are Jim Cramer's top takeaways for today's trading.

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Honeywell(HON) - Get Report : In an exclusive "Executive Decision" segment, Cramer  sat down with Dave Cote, chairman and CEO of industrial giant Honeywell, which saw its shares fall more than $10 when it reported just two weeks ago on what investors viewed as a negative outlook for the future.

Cote admitted he was wrong in how he communicated Honeywell's prospects for 2017 and beyond this quarter, saying that he chose to focus on the short-term impacts of the company's spinoff and restructuring, rather than the longer-term outlook, which he assumed investors already knew about. "I was astounded by the reaction," he continued.

Cote sought to sooth investors' fears by saying Honeywell still predicts EPS growth between 8% and 9% and the company continues to invest heavily to put itself into a solid position for 2017.

Among Honeywell's many strengths remains energy efficiency, which accounts for 50% of the company's portfolio. Cote is also bullish on the Internet of things and connected aircraft, where the company is certifying new technology that will allow passengers to download a two hour movie in two minutes while at 45,000 feet in the air.

Cramer said he continues to support Honeywell.

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Ulta Beauty(ULTA) - Get Report : In his second "Executive Decision" segment, Cramer also spoke with Mary Dillon, CEO of Ulta Salon, which saw its shares pop 11.3% after the company delivered a positive outlook to investors during its annual analyst day.

Dillon said now that everyone has a great camera in their pockets and are taking lots of photos, the need to look your best has never been greater. That's why teens and millennials love Ulta Beauty. It's also why Dillon said Ulta has many years of growth ahead.

Dillon added that she's especially proud of Ulta's loyalty rewards program, which drives a lot of value for its 20.6 million members, but also allows Ulta to provide targeted offers that customers love.

There are many places to buy cosmetics, but only Ulta brings hair care, skin care and fragrances together in one place, Dillon said. Despite all its successes, Ulta currently only accounts for 4% of the $127 billion beauty market.

Cramer said the Ulta story "is not done."

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At the time of publication, Cramer's Action Alerts PLUS had no position in stocks mentioned.