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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.
There's no denying that things are bad at both companies, Cramer said, with shares of Yelp plummeting 25% after it reported, while Twitter skidded 14.5% after its release. Both of these companies blew it, he said, as both were big deals that are now rapidly becoming small ones.
Yelp is rapidly becoming irrelevant and needs to sell itself immediately, Cramer said, while Twitter still has hope for a recovery -- but the earliest that is likely to occur is 2016. That makes Yelp a sell and Twitter a wait-and-see situation.
Waste Management (WM) - Get Report : In an exclusive interview, Cramer spoke with David Steiner, president and CEO at Waste Management, which reported a 4-cents-a-share earnings beat Thursday on in-line revenue. Shares of Waste Management currently yield 3%.
Steiner said he sees the light at the end of the tunnel for Waste Management as a big part of its business revolves around new housing and business formation, and that volume is expected to turn positive by the end of 2015. New homes being built is not only a win for Waste Management in residential trash collection, Steiner said, but also because more homes means more businesses being built to support those homes.
Steiner said his company has poured lots of money into recycling but now there needs to be a big effort to teach people how to recycle. As things stand now, many things that aren't recyclable get thrown into the recycle bin, making the entire process a lot less profitable.
Finally, when asked about the U.S. economy, Steiner said the "bread and butter" for Waste Management is the small business with a mid-size container that gets picked up twice a week, and that business is starting to improve.
Eaton (ETN) - Get Report : In his second interview, Cramer checked in with Sandy Cutler, chairman and CEO of Eaton, the industrial that just delivered a not-so-hot quarter with a 3-cents-a-share earnings beat on lighter-than-expected revenue. Shares of Eaton are down 16% from their highs.
Cutler explained that bookings for the quarter were not as strong as the company would've liked, which caused it to lower estimates for the remainder of 2015. However, in order to ensure earnings per share growth in 2016, the company has instituted a restructuring program to help rein in costs accordingly.
In addition to cost reductions, Cutler said Eaton remains committed to a 4% to 5% return of capital to shareholders through its dividend and stock buyback programs.
Among the positive things for the quarter were vehicles and aerospace, Cutler said, but those gains were offset by losses in hydraulics, agriculture and global weakness in construction and mining.
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At the time of publication, Cramer's Action Alerts PLUS had a position in TWTR.