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

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As the markets get pounded over the next few days, buying opportunities will be created, Cramer told viewers, like the one just created in Stanley Black & Decker (SWK) - Get Report , the toolmaker with shares that are now off $5 from their highs of the year.

There's a lot to like about Stanley, Cramer said, as the company is in the red-hot tool market and delivered a three-cents-a-share earrings beat in January followed by a nine-cents-a-share beat last month. Stanley is forecasting 4% organic growth for 2017.

Beyond the great organic growth, Stanley has also recently completed two acquisitions, buying the tool division of Newell Brands (NWL) - Get Report and also the rights to Craftsman from Sears Holding (SHLD) for $900 million.

Shares of Stanley have been falling, however, after the company announced that it will be offering equity units to help pay for these two transformative deals, and investors might not understand what these units are.

Cramer explained that they aren't convertible into regular shares until May 2020, so there won't be any dilution for another three years. The units also don't cost the company anything on their bottom line.

This makes Stanley Black & Decker common shares worth owning, given they trade at just 17 times earnings and the company has a 12% long-term growth rate.

On Real Money, Cramer says don't be so quick to panic because the futures guys woke up and realized that the president's in trouble. Get more on his insights with a free trial subscription to Real Money.

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