Did you miss "Mad Money" on CNBC? If so, here are some of Jim Cramer's top takeaways.
In an "Executive Decision" segment, Cramer checked in with Nick Akins, chairman, president and CEO of American Electric Power (AEP) , the utility that just posted a two-cents-a-share earnings miss, but reiterated their full-year guidance. Shares of American Electric Power are down 5.1% for the year but yield 3.6%.
Akins said business is picking up in the territories they serve and GDP is now topping 3.3%. That has led to strong demand for electricity in the industrial sector, up 2.5%, the retail sector, up 1.4% and even the commercial sector.
Akins remained excited about the prospects for their 2,000 megawatt wind farm project in Oklahoma, which will be the largest of its kind, at $4.5 billion. The project spans four states and Akins is hoping for the final approvals soon.
When asked which areas of the country are growing the most, Akins replied that central Ohio remains hot, as do the oil and gas areas of Texas.
Illinois Tools Works (ITW) shares fell after the company's earnings report, but Cramer and the AAP team see it as an opportunity to buy more shares. 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.
Over on Real Money, Cramer says just because rates on the 10-year are back below 3% doesn't mean that's what's driving the rally. Get more of his insights with a free trial subscription to Real Money.
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