Did you miss "Mad Money" on CNBC? If so, here are some of Jim Cramer's top takeaways.
After sitting down with Herman Miller (MLHR) - Get Herman Miller, Inc. Report CEO Brian Walker last night, Cramer decided to take a look at the other big player in the office furniture space, Steelcase (SCS) - Get Steelcase Inc. Class A Report , and see which company is the one to own.
On the surface, both of these companies should be doing well with an improving economy. But in fact, one is doing better than the other.
Steelcase delivered sales that were down 1% in 2016, while Herman Miller saw a 5.6% gain. Herman Miller is expected to see its earnings accelerate this year, while forecasts see the opposite for Steelcase. Cramer noted that both companies are valued similarly, with Steelcase at 13.6 times earnings and Herman Miller at 14.6 times.
After Steelcase delivered a small miss on earnings last quarter, Cramer said, he cannot recommend it. He's sticking with Herman Miller, which last posted a nine-cents-a-share earnings beat with robust guidance for the rest of 2017.
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Cramer and the AAP team are telling their investment club members what they will be looking for when Citigroup (C) - Get Citigroup Inc. Report and Wells Fargo (WFC) - Get Wells Fargo & Company Report report earnings. Get in on the conversation with a free trial subscription to Action Alerts PLUS.
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