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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.
Apple (AAPL): When investors buy a stock, they expect that company to post great revenue and great earnings every quarter. That, in turn, will fuel the analysts to raise estimates and shares will head higher. The company can then further reward shareholders with big dividends and stock buybacks.
At least, that's the way its supposed to work. But in the case of Apple, the company did all of those things and shares have fallen in a straight line ever since. Cramer told viewers that perhaps tomorrow will be the day that Apple can once again be bought based on its stellar, long-term story.
Cutler highlighted a number of bright spot in Eaton's most recent quarter, including the recent acquisition of Cooper Industries. Not only is Eaton seeing some $150 million in cost synergies but Cooper has now made Eaton a leader in the fast-growing LED lighting segment. Cutler said LED lighting is now 50% of the company's lighting category.
Eaton also saw strength in trucking, with both heavy-duty and light trucks strong both inside the U.S. and abroad. Trucks are still pining for more fuel economy and better emissions, Cutler explained. That's what Eaton offers.
Harman Int'l (HAR): Cramer also sat down with Dinesh Paliwal, chairman, president and CEO at Harman, the connected-car infotainment company that disappointed Wall Street by cutting forecasts, sending shares plunging 7% on the day.
Paliwal said the Harman thesis remains intact and auto sales remain strong with 19% growth with quarter and $3.2 billion worth of new orders coming in for the next generation of connected cars.
Where Harman fell short this quarter was in the professional audio business, which is largely dollar denominated and had a tough time in Russia, China and elsewhere given strong currency headwinds. Harman is making adjustments however, Paliwal said.
Paliwal also explained Harman's two recent acquisitions, which will give his company a dominant position in cloud-based applications for autos and the over-the-air updates that will be required to make them a reality. Harman has no plans to sell any assets from either of these acquisitions but will keep them and grow them to diversify the company's portfolio of products and services.
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