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

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Sometimes the risk just isn't worth the reward, Cramer told viewers, as he highlighted the incredible quarter just posted by Lululemon Athletica(LULU) - Get Report , which sent shares soaring up 11.5% today.

Cramer said he missed this quarter's move because he lost conviction after the company missed the numbers last quarter, news that sent shares down from $66 to $50 in a matter of hours. That volatility, Cramer said, was enough to make him back away from the stock.

It turns out, the problems last quarter were exactly as Lulu said -- execution problems. Those problems resolved themselves with new products this quarter, proving once again that Lulu is a movement, not a fad.

Every company makes mistakes, Cramer admitted, but in this case, investors must determine for themselves if they can stomach the volatility those risks create. Even with today's huge move to the upside, the stock has still not returned to where it was a months ago.

For those willing to sign up for Lulu's wild ride, Cramer said he'd be willing to pay under $57 a share.

Meanwhile, over on Real Money, global equity and income columnist Antonia Oprita says the payrolls data sent a few shivers through the markets. Read more and get a free trial subscription to Real Money.

Cramer and the AAP team have their weekly roundup ready. Find out what they're telling their investment club members about key holdings Hewlett-Packard Enterprises(HPE) - Get Report , Snap-On(SNA) - Get Report , Starbucks(SBUX) - Get Report and more. Get 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 HPE, SNA, SBUX.