Did you miss "Mad Money" on CNBC? If so, here are some of Jim Cramer's top takeaways.
Shares of Stanley Black & Decker are already up 42% in 2017, but Cramer said that this company is only just getting started after making a series of really smart moves.
First, the company purchased the tool division of Newell Brands (NWL) - Get Report for $1.95 billion. It then spun off its slower-growing assets, including mechanical locks, to raise cash for its biggest move, purchasing the Craftsman brand from Sears Holdings (SHLD) .
Younger investors may not remember, but there was a time when Craftsman was the No. 1 tool brand in the nation. Stanley Black & Decker has already indicated that it will be investing heavily to reinvigorate Craftsman to its former glory, including expanding its distribution.
When the company reported yesterday, Stanley Black & Decker delivered an eight-cents-a-share earnings beat with a 14% rise in revenues and 6% organic growth, and the company doesn't expect Craftsman to kick into high gear until mid-2018.
With shares trading at just 19 times next year's estimates, Cramer said Stanley Black & Decker is a screaming buy.
Cramer and the AAP team say don't give up on Allergan (AGN) - Get Report . 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.
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At the time of publication, Cramer's Action Alerts PLUS had a position in AGN.