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 Eric Shander, CEO of open-source software provider Red Hat Inc. (RHT) - Get Free Report , which just posted a 10-cents-a-share earnings beat with bullish guidance -- news that sent shares up 4% on the day.
Shander painted a very bullish picture for Red Hat, saying the strength this quarter was across the board and not limited to just one sector or geography. The investments Red Hat has made in its platform are paying off, he noted, and that can be seen in its strong growth.
When asked for more details on the business, Shander added that sales to the federal government remain strong and have not been capped as some had feared. He also called out Europe as a growing market for his company.
The discussions with companies regarding the cloud are changing, Shander said. Initially, moving to the cloud was all about saving money. But today, companies like Key Corp (KEY) - Get Free Report are looking to speed development by containerizing applications into manageable pieces. Red Hat has all of the components these companies need for a successful deployment, Shander said.
Cramer and the AAP team say it takes discipline to get the price right. Find out what they're telling their investment club members about Illinois Tool Works (ITW) - Get Free Report , Broadcom Ltd. (AVGO) - Get Free Report and Apple (AAPL) - Get Free Report and get in on the conversation with a free trial subscription to Action Alerts PLUS.
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 KEY, ITW, AVGO, AAPL.