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

For an "Executive Decision" segment, Cramer spoke with Arnold Donald, president and CEO of Carnival Corp. (CCL)  , aboard the company's newest ship, Carnival Horizon.

Donald said the past five years have gone by quickly and his industry has gone from languishing to outperforming the market. Shares of Carnival have doubled in price over that time. Demand continues to exceed capacity, he noted, and every market is under-penetrated.

Carnival currently serves 700 ports around the world with 105 ships that, and offers thousands of itineraries. Donald said Carnival's real competition is not other cruise lines, but rather land-based vacations that still make up 98% of the market. 

While Carnival is a big proponent of technology and even gave the keynote at last year's Computer Electronics Show, Donald said everything they do, from their Ocean Medallion wearable technology for passengers to big data and artificial intelligence, is in service of providing guests with a personalized experience while on board.

Cramer and the AAP team note that new home sales in the first quarter were not as strong as previously thought. 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 on why the market turned against Toll Brothers (TOL)  . Get more of 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 no position in stocks mentioned.

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