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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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McKesson (MCK) - Get McKesson Corporation (MCK) Report : Continuing his focus on the health care cost containment stocks, a group that should flourish in a rising interest rate environment, Cramer highlighted McKesson, a company he said is not only well run but also dirt cheap.

McKesson is currently the fourth-largest pharmacy operator in the U.S. with over 2,900 locations. But beyond that, the company also has a huge wholesale distribution business that supplies hospitals and clinics across the country.

McKesson is also a consistent grower, with $101 billion in revenue in 2008, steadily climbing to $138 billion by 2014. Its no surprise that McKesson's shares have followed suit, up 166% over the past three years.

There are also plenty of opportunities for acquisitions, Cramer noted, as McKesson could buy Cardinal Health (CAH) - Get Cardinal Health, Inc. Report or even Castlight Health (CSLT) - Get Castlight Health, Inc. Class B Report to further its growth.


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Diamond Foods (DMND) : The best turnaround stories are those Wall Street isn't paying attention to, Cramer told viewers, stories like Diamond Foods.

Five years ago, Diamond was a faster-growing niche food maker specializing in nuts, chips and other snack foods. Then, in 2012, accounting issues and a resulting SEC investigation sent shares plummeting from $92 to $27 in just months. Shares have struggled to recover.

But now that its accounting issues are behind it and the company has reported three strong quarters in a row, Cramer declared Diamond Foods investable again. Shares are up just 8.8% in 2015, despite the company posting a 23-cents-a-share earnings beat when Wall Street was only looking for 15 cents.

Diamond now sports 27% earnings growth and healthy 28.5% gross margins. It also refinanced its debts last year to more manageable levels. Diamond is now focused on growth and containing costs, with initiatives like better packaging and more robust distribution.

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