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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.
Insperity (NSP) - Get Report : Even in a bad market there are bright spots, Cramer told viewers. That's certainly the case with the business process outsourcing firm Insperity, which has seen its shares rise 52% so far this year. Insperity is not some new, sexy IPO, Cramer explained. The company is over 30 years old and provides services like payroll and expense management to over 100,000 businesses.
Things at Insperity became interesting in early 2015, however, as the company became aware that Starwood Value, an activist investor, had taken aim at the company. But unlike some activists, Starwood came to Insperity with solutions to improve the business.
Insperity took these solutions to heart, appointing independent board members, cutting costs and buying back 12.4 million shares of its own stock. When it last reported in May, the company shot the lights out with a 16-cents-a-share earnings beat with raised 2016 guidance. The company boosted its dividend by 14%, too.
Trading at 17.6 times earnings, shares of Insperity are no longer cheap, Cramer noted, but with 60% earnings growth there is still more upside ahead. Investors should expect another 40% gain, he concluded, but there is more room to run for this reinvigorated company.
JPMorgan Chase (JPM) - Get Report : In his "No Huddle Offense" segment, Cramer poured over the stock charts, trying to find a company, any company, that actually benefited from Britain leaving the E.U.
One winner, Cramer theorized, could be JPMorgan Chase (JPM) - Get Report , which stands to take market share from its now-hobbled European rivals. However, thanks to Brexit, U.S. interest rates will also likely be hobbled in the short term, making those gains likely a long way off.
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At the time of publication, Cramer's Action Alerts PLUS had no position in stocks mentioned.