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Did you miss last night's "Mad Money" on CNBC? If so, here are Jim Cramer's top takeaways for today's trading.

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Apple (AAPL) - Get Apple Inc. (AAPL) Report and Sirius XM Radio (SIRI) - Get Sirius XM Holdings, Inc. Report : Ever since its stock peaked at $135 a share last year, the markets just haven't liked Apple as much as before, Cramer told viewers. That's why he put on his investment banker hat to propose an acquisition that could jump-start Apple's stock.

Cramer proposed that Apple, an Action Alerts PLUS holding, use some of its $230 billion cash hoard and consider buying Sirius XM Radio.

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Cramer's logic is simple. Sirius could bolster Apple's subscription revenue and give the company a foothold into the connected car of the future. Apple could also benefit by merging Sirius' original content and sports programming with Apple's own music offerings.

Sirius is pre-installed in 75% of all new cars sold today, Cramer said, and the company's 30 million subscribers tend to stick with the service once they sign up. Shares of Sirius are pricey at 23 times earnings, but that's still less than Apple spends buying back its own stock over a six month period.

Cramer admitted that a deal with Sirius is complicated by the fact that Liberty Media (LMCA) owns 60% of Sirius, but Liberty is known for making smart decisions.

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At the time of publication, Cramer's Action Alerts PLUS had a position in AAPL.