Did you miss "Mad Money" on CNBC? If so, here are some of Jim Cramer's top takeaways.
"Management matters," Jim Cramer said regarding stocks and their potential. So look no farther than T-Mobile (TMUS) - Get T-Mobile US, Inc. Report , which continues to tell a "fabulous story." The company just reported earnings of 45 cents per share, easily topping estimates of 29 cents per share, while also beating on revenue expectations as sales grew more than 23% year-over-year.
The company added its most postpaid subscribers in four quarters and has a very low churn rate. So how do they do it?
CEO John Legere said it's simple: He engages his employees and engages his customers. He's not your typical button-down type of CEO either. The chief exec -- wearing a black leather jacket with pink zipper accents for today's show -- explained that being different is what's allowed his company to push back and win against the big boys.
AT&T (T) - Get AT&T Inc. Report and Verizon (VZ) - Get Verizon Communications Inc. Report just want T-Mobile to disappear, but that's not something that's going to happen, Legere said. The industry needs to embrace change and T-Mobile's unlimited data plans have forced their hand. Verizon recently announced it too will offer an unlimited data plan to customers -- which is exactly what T-Mobile and Legere wanted.
"We are going to fix a broken, stupid arrogant industry," he said, pushing for even more change when it comes to new products and 5G. Legere also argued on the idea that phone carriers need to start acquiring content companies.
Legere raved about the company's Super Bowl commercials and how much of an impact they had on social media. He explained that T-Mobile doesn't have the big balance sheet that its competitors have, but that doesn't stop them going big when the time calls for it.
Meanwhile, on Real Money, Cramer says that whether it's the Fed or a pro-business president, the current market environment calls for a wholesale shift in our thinking. Check out Cramer's strategies with a free trial subscription to Real Money.
Cramer and the AAP team are trimming a little Arconic (ARNC) - Get Arconic, Inc. Report and adding some Snap-On (SNA) - Get Snap-on Incorporated Report . Find out what they are telling their investment club members with a free trial subscription to Action Alerts PLUS.
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At the time of publication, Cramer's Action Alerts PLUS had positions in ARNC and SNA.