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Did you miss last night's "Mad Money" on CNBC? If so, here are Jim Cramer's top takeaways for next week's trading.
Amplify Snack Brands (BETR) : In an exclusive interview, Cramer sat down with Tom Ennis, president and CEO of Amplify Snacks, which came public in August 2015 at $18, only to fall 36% by the end of the year. Shares of Amplify have been on the move in 2016, however, thanks to strong earnings three weeks ago.
Ennis said that Amplify is tapping into the two biggest food trends out there, snacking and eating healthy. He said the combination of those two has been "magic." Healthy does not necessarily need to be low in fat, Ennis noted, but it must have clean, simple ingredients and consumers will manage their calories.
When asked about growth, Ennis said Amplify started with just one store but with the sales data from that one store was able to grow into a second and a third and beyond. He said retailers love Amplify as much as their customers because the product flies off the shelves.
Cramer said Amplify is among the cheapest packaged goods companies out there.
Even before it reported earnings, Cramer said KB was the most notorious boom or bust homebuilder. Shares rallied from $14 in 2001 to over $85 by 2005 before plunging to just $5 during the depths of the recession in 2009, then rising to $25 before sliding back to $14 before today.
In its report, KB had strong growth in California, mainly in Silicon Valley, where the company saw deliveries up 23%. But elsewhere in the country housing is cooling, especially in Houston, which is levered to the fate of oil prices. KB is also facing rising labor and commodity costs.
That is what makes today's rogue Fed comments so worrisome, Cramer said. Some members of the Fed seem OK with the prospect of a national rate hike to curb what is only a California issue.
Cramer said that in a vacuum KB is a natural takeover target, especially given that it trades below its book value of $19.22 a share. The company has been aggressively buying back its own shares, 9% in total, because of this low valuation.
So on one hand, KB is worth owning, Cramer concluded. On the other hand, an inconsistent Fed is raising a lot of questions.
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At the time of publication, Cramer's Action Alerts PLUS had no position in stocks mentioned.