Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.
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.
SunEdison (SUNE) : Cramer said he got it wrong when recommending SunEdison on April 9. This red-hot solar stock was up over 900% from 2013 until early 2015, then plummeted 60% from its highs on July 20.
Cramer said SunEdison seemed like it was doing everything right, and did indeed rise 28% from his April recommendation until its peak on July 20. But then, things went horribly wrong.
The genius of SunEdison's plan was spinning off not one, but two high-yielding subsidiaries that would purchase and run its completed solar projects. These "yield companies" were to provide SunEdison with all the capital it needed and allow it to consolidate projects both domestically and overseas. The market loved it.
But then oil prices started taking a nose dive, while at the same time it seemed SunEdison was making too many deals and stretching itself too thin. When the company announced the acquisition of Vivint Solar on July 20, the market scoffed and shares closed flat on the day. That was the first sign that something was amiss, Cramer noted.
Shortly thereafter, SunEdison debuted TerraForm Global (GLBL) , its second yield company, expecting to raise $1 billion. The deal raised just $675 million. With less ammunition to fund more projects, investors started fleeing the stock, and shares fell 60% over the following month.
Salesforce.com (CRM) - Get Report: In an exclusive interview, Cramer spoke with Marc Benioff, chairman and CEO at Salesforce, which just posted its best quarter ever with a 2-cents-a-share earnings beat.
Benioff said Salesforce is on track to become the fourth-largest software company and is already the number one customer relationship management vendor. Salesforce is still focused on growing the top line, Benioff continued, even though it has over $3 billion in deferred revenue on its balance sheet.
Benioff said his new revenue target is to grow Salesforce to a $10 billion-a-year company.
To read a full recap of "Mad Money" on CNBC, click here.
To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.
To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here.
At the time of publication, Cramer's Action Alerts PLUS had no position in stocks mentioned.