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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.
TechData(TECD) - Get Report : In an exclusive interview, Cramer sat down with Bob Dutkowsky, CEO of TechData, which just posted a 20-cents-a-share earnings beat with robust guidance that helped propel its stock to a 15% gain for the year.
Dutkowsky explained that distributors like TechData were once the enemy of major tech companies, which opted to sell their products themselves. Now, he said, distributors are once again being embraced as they are the most effective way to move products around the globe.
What makes TechData so successful? Dutkowsky said it's the flexibility to pivot to the hottest products while at the same time moving away from those that are not. Tablets were all the rage a few years ago, Dutkowsky explained, but now laptops are back and TechData is well positioned for that demand.
When asked about the hottest areas of tech, Dutkowsky said he's excited about the prospects for the connected home, a category that's only just beginning.
Randgold Resources(GOLD) - Get Report : Every portfolio needs to have a little gold, Cramer reminded viewers. For those who like to play it safe, he continued to recommend the SPDR Gold Shares(GLD) - Get Report , but for those with a higher risk profile, he said you can't do better than Randgold Resources.
The catalyst for owning gold is a continuing outflow of money from China, Cramer explained. All of that money needs to go somewhere, he said, and the safe haven it's heading to is gold.
So why Randgold? Cramer said it's because Randgold is the best-run gold miner in existence, with a pristine balance sheet and the know-how to operate in areas of the world others wouldn't dare.
Randgold shares have been so strong of late that not even five analyst downgrades had an impact. The first downgrade came on Oct 26 of last year, Cramer noted, when shares traded at $71. Today, five downgrades later, they're at $91 a share.
While the bears have trouble justifying a 28 times earnings multiple, Cramer said the simple fact is that when interest rates fall gold does better, and right now is a perfect time to add the precious metal to your portfolio.
Cramer noted the 3-D printing stocks were on fire in the post-recession era, with 3D Systems rallying 910% between 2012 and 2014, only to round-trip and give back all of those gains.
What went wrong? Cramer said 3D Systems was on an acquisition binge, buying no fewer than 16 companies in 2011 and 2012. That was a red flag for Wall Street because the company was simply buying its growth.
The strategy at 3D Systems was to buy up all of the talent in the industry, a strategy that went wrong very fast when company management admitted that it didn't care about profits or margins and simply planned to continue spending money on more acquisitions.
By 2015, 3D Systems finally abandoned its losing strategy of buying up everything in sight, and its interim CEO is giving investors new hope for a recovery. Cramer said he's not among the bulls in this case because this company has shown little that it's on the road to recovery.
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At the time of publication, Cramer's Action Alerts PLUS had no position in stocks mentioned.