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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.
Avnet (AVT) - Get Report : In an exclusive interview, Cramer checked in with Rick Hamada, CEO of Avnet, the technology supplier that reported an earnings miss of 3 cents a share on a 9% decline in revenue.
Hamada acknowledged that "a miss is a miss" and he was disappointed with the results this quarter. However, he said there were some silver linings including expanded grow margins, strong cash flows and increased cost controls.
Hamada attributed the earnings shortfall to a slowdown in Avnet's components and computer businesses in the Americas. He said the first few weeks of January have been positive.
Overall, Hamada said, he remains a believer in the transition to an Internet of things, embedded systems and third-party platforms for enterprise IT systems, all of which are powered by the components and services that Avnet sells.
Cramer characterized this quarter's shortfall as merely a "hiccup" and said things are already looking up for Avnet.
American Electric Power (AEP) - Get Report : In his second exclusive interview, Cramer spoke with Rick Akins, chairman, president and CEO of American Electric Power, the electric utility with five million customers in 11 states. American Electric Power is also an Action Alerts PLUS holding.
Akins said that despite the warmest winter quarter in over 30 years, American Electric was still able to meet full-year guidance. He said the warmer weather equated to a loss of 11 cents a share, which is sizable.
When asked about the overall economy, Akins said he still sees growth in counties with lots of oil and gas, but new oil and gas activity is beginning to slow. Outside of oil and gas, Akins sees some weakness beginning to form in the industrial space.
Despite the economic weakness, Akins said American Electric has capital ready to deploy to optimize the electric grid, but the company is less interested in buying a natural gas company, which would increase risk.
Cramer said investors shouldn't always look for that home run for their portfolio. Sometimes a consistent hitter like American Electric is exactly what they need.
Cramer said Facebook, an Action Alerts PLUS holding, delivered one of the best quarters of any company he has followed in ages. The company is seeing accelerated revenue growth, has no economic sensitivity and tons of room for continued growth.
Facebook's management said on the conference call Facebook is under-appreciated as an advertising medium, and investments the company makes in its business yield almost instant returns for shareholders.
While Facebook's acquisitions of What's App and Oculus were panned at the time, these two new units are poised to be monetized in a big way.
That's why Cramer concluded Facebook is one of the best news stories of the year so far.
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At the time of publication, Cramer's Action Alerts PLUS had a position in AEP and FB.