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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.
Flowserve(FLS) - Get Report , FMC Technologies(FMC) - Get Report , Franklin Resources(BEN) - Get Report and NRG Energy(NRG) - Get Report : When technician, colleague and market bear Bruce Kamich issued a report that included several bullish stocks, Cramer said he immediately took notice. Kamich might really be onto something.
Cramer said he, too, is bullish on Flowserve , a specialty valve maker that's downsizing plants and staff while improving its bookings, as well as FMC Technologies, our nation's eighth-largest crop protection company that also happens to be tripling its lithium production to serve the electric car market.
Franklin Resources is also on Kamich's list and Cramer said this company's emerging market portfolio could be turning for the better, making this stock a buy.
Finally, there is NRG Energy, the utility that attempted to become an alternative power company at the worst possible time. After the company's CEO resigned in February it's been all uphill for NRG, which is now well off its lows thanks to new management.
McDonald's(MCD) - Get Report and Pepsico(PEP) - Get Report : In his "No Huddle Offense" segment, Cramer said ever since the chatter of a June interest hike emerged, the international stocks have been getting hammered. That may be a signal to buy.
Cramer said McDonald's and Pepsico, an Action Alerts PLUS holding, are buys thanks to the Fed-induced weakness. McDonald's continues to be a spectacular turnaround story, he said, while Pepsico continues to be a well-managed company that can more than offset any currency issues.
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At the time of publication, Cramer's Action Alerts PLUS had a position in PEP.