Jim Cramer's Top Takeaways: Apple, Brunswick, Halyard Health
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NEW YORK (TheStreet) -- 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 Free Report: Thanks to China, owning Apple is not for the squeamish, Cramer says. Some days you can run but you can't hide.
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Brunswick (BC) - Get Free Report: In an exclusive interview, Cramer sat down with Brunswick CEO Dusty McCoy, whose company's stock has been relatively muted this year and tumbled after reporting strong second-quarter earnings. Its brands include Attwood, Boston Whaler, Quicksilver, Mercury Racing and LifeFitness. Last week, BC reported earnings of $1.05 per share, beating estimates by 3 cents.
McCoy said that there's been a trend of the stock going down after second-quarter earnings are announced, and then seeing a bounceback after third-quarter numbers. That's because most people see it as a primarily marine company.
The used boat market has really come under a lot of supply pressure ever since the Great Recession, which is why McCoy is "comfortable" about the new boat market coming back. He has a positive outlook for the second half of the year.
HYH
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Halyard Healthundefined: In his second exclusive interview, Cramer sat down with Robert Abernathy, chairman and CEO of Halyard Health, the medical supply company spun off from Kimberley Clark (KMB) - Get Free Report last year and an Action Alerts PLUS holding. The stock was down 11.8% today on disappointing results and guidance cut on fiscal year 2015.
Abernathy said it had been a tough quarter. The company's medical device business performed very well last quarter, while its surgical and infection prevention segment struggled. Those divisions make up 31% and 69% of sales, respectively.
Abernathy said he plans to continue to separate the company from KMB and expand its shift toward medical devices. Innovation and a stronger second half could allow Halyard to improve in the second half of 2015, Abernathy said.
Cramer was not impressed. He said he screwed up on this stock because Abernathy has missed twice.
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At the time of publication, Cramer's Action Alerts PLUS had a position in AAPL and HYH.
