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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.
AOL (AOL): "Sometimes you just have to believe," Cramer told viewers, as he dove into the former dial-up Internet giant that's reinvented itself as a search and advertising platform, only to receive a $50 a share takeover bid from Verizon (VZ).
When AOL reported on Monday, it posted terrific numbers, with video, mobile and advertising segments all performing well.
But then on Tuesday, an analyst downgraded AOL from hold to sell, citing its accelerating decline in dial-up subscribers. What the analyst failed to consider however, is that dial-up doesn't matter. What matters is video, mobile and AOL's advertising platform.
For all those who didn't believe and sold on that recommendation missed out on today's $50 a share bid by Verizon, a full $11 a share higher than where they were trading just yesterday.
That's why sometimes you have to ignore the skeptics and just believe that the companies behind the stocks in your portfolio know what they're doing, Cramer concluded.