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

Image placeholder title

In an "Executive Decision" segment, Cramer sat down with Alan Trefler, founder and CEO of Pegasystems (PEGA) - Get Report , the cloud computing giant that just posted blowout earnings. Shares of Pegasystems are up 29% so far this year.

Trefler explained that Pegasystems is at the heart of digital transformation and helping companies improve their operations. His company made a big push into artificial intelligence seven years ago and now has AI elements as core parts of their platform.

One of Pegasystems' newest offerings is transparent AI, or the ability to show how and why your AI is making decisions. Trefler said this is especially important in areas like banking, where sometimes you need to make loans where you otherwise wouldn't have or have to make decisions by including or excluding certain factors. Only Pegasystems has the ability to "show your work" so that banks can explain to regulators how and why decisions are being made.

Cramer said Pegasystems is a company investors need to know about because it's a buy.

Cramer and the AAP team say that the Nordstrom (JWN) - Get Report family's $50 offer is the just the floor of negotiations. 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.

On Real Money, Cramer says if we didn't have something to worry about, we'd just invent it. Get more of his insights with a free trial subscription to Real Money.

Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.

To read a full recap of this episode of "Mad Money," click here.

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here.

At the time of publication, Cramer's Action Alerts PLUS had a position in JWN.