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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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Avago Technologies (AVGO) - Get Report: Cramer said Avago's deal to acquire Broadcom (BRCM) is both necessary and brilliant, as it only makes Avago more competitive against rival Skyworks Solutions (SWKS) - Get Report and takes another competitor out of the game.

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Popeye's Louisiana Kitchen (PLKI) : In an exclusive interview, Cramer checked in with Cheryl Bachelder, CEO at Popeye's, a stock that's been stalled of late despite posting solid earnings.

Bachelder said that she's not focused on the short-term stock slump, she's focused on delivering steady, reliable performance the market will reward over time. She noted that she's always happy to under-promise and over-deliver and feels very comfortable with the 3.5% to 4.5% increase in same store sales they're forecasting.

Turning to more topical issues, Bachelder reiterated that there are no cases of avian flu in the flock that supplies Popeye's, and she expects chicken prices to moderate later this year.

In addition to it's terrific same-store sales growth, Bachelder sees plenty of opportunities to grow both inside and outside the U.S., and the company continues to buy back its shares to further reward shareholders.

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Southwest Airlines (LUV) - Get Report: Is there too much capacity in the airlines? Cramer spoke with Gary Kelly, chairman and CEO of Southwest, allowing him to respond to allegations made by American Airlines (AAL) - Get Report that the airline industry is adding too much capacity, leading to price wars.

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Kelly said competitors are always complaining about Southwest, but he's focused on continuing to run a great, profitable airline. Southwest is sticking with their guidance, only increasing its available seats by 3% in 2015, less than its rivals.

Southwest is focusing two-thirds of that growth in Dallas, where Kelly said there are unique opportunities to grow. Overall, however, he said the U.S. airline market has matured, so growing beyond our economy's GDP is unlikely.

Finally, Kelly noted that Southwest remains committed to creating value for shareholders and returning capital through its dividend and buyback programs.

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At the time of publication, Cramer's Action Alerts PLUS had no position in stocks mentioned.