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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.
Qualcomm (QCOM) - Get QUALCOMM Incorporated Report, Skyworks Solutions (SWKS) - Get Skyworks Solutions, Inc. Report and Hewlett-Packard (HPQ) - Get HP Inc. (HPQ) Report: Sometimes, good news just doesn't matter, Cramer told viewers. Over the past 24 hours, Qualcomm announced a monster $15 billion stock repurchase plan, Skyworks was added to the S&P 500, and Hewlett received a huge analyst upgrade.
But did the markets take notice? It doesn't appear so. That's why the macro-economic trends will always matter to the markets. It doesn't matter how good your company is doing -- if the markets are having bad day, you'll be having a bad day right along with them.
Ford (F) - Get Ford Motor Company Report: In an exclusive interview, Cramer sat down for the first time with Mark Fields, Ford's president and CEO, to talk about managing an international company in tough international times.
Fields said that early in his career he spent a lot of time overseas, something that taught him how to listen and understand what customers wanted and needed and how to communicate those lessons throughout the company. He said that Ford is always proactively looking at the environment, putting plans into place and monitoring the performance of those plans to stay ahead of the market.
Turning to the topic of rising interest rates, Fields said he isn't worried because higher rates are a sign of a healthy economy and a healthy economy is always a great thing for Ford. Fields also noted that Ford remains committed to innovation, which includes the next generation of connected car.
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Does the Federal Reserve still "know nothing," as Cramer so eloquently yelled in his infamous 2007 rant? At that time the Fed overestimated our economy's strengths while grossly underestimating the risks. Fast forward to today and one member of the Fed, Richard Fisher, seems to think swift and decisive rate hikes are once again needed.
But our economy doesn't operate in a vacuum, and Cramer warned that with the currencies in Europe, Mexico and Brazil so fragile, any quick moves from the Fed could destabilize a host of other countries. Let's hope cooler heads prevail at the Fed's next meeting.
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At the time of publication, Cramer's Action Alerts PLUS had no position in stocks mentioned.