Jim Cramer's Top Takeaways: Hormel, Union Pacific, Integrated Device Technology

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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.

HRL Chart
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Hormel Foods (HRL): In an exclusive interview, Cramer sat down with Jeffrey Ettinger, chairman and CEO of Hormel Foods, the food company most famous for Spam and Skippy peanut butter, which recently announced the $775 million purchase of Applegate Farms, an all-natural and organic food maker.

Ettinger said the shift to organic foods is not a fad, it's a movement, and organic items are the most exciting area of the grocery store at the moment.

Hormel has no plans to make changes at Applegate, and Ettinger noted the company will be a standalone division within Hormel. The company plans to honor the brand and and all its commitments to organic methods and fair treatment of animals.

Ettinger said he still sees a place for organic and non-organic item, however, noting that Spam continues to grow as his company introduces variations of the product. He said the Jennie-O brand also remains terrific.

UNP Chart
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Union Pacific (UNP): In his second exclusive interview, Cramer welcomed Lance Fritz, the new president and CEO at Union Pacific, the railroad that has seen its shares slump 18% from its highs earlier in the year. Is the bottom at hand or is there more pain to come?

Fritz said it has been a difficult start to the year for Union Pacific but added the company knows how to right-size the business for the environment. Among the hardest-hit areas Fritz noted the West Coast, which, with the port strike over, is only just now returning to normal volume. He also blamed a continued decline in coal shipments.

Among the positives was agriculture, oil and oil related shipments, such as fracking sand, and Mexico, where Union Pacific controls near 70% of all the railways that enter and exit that country.

Add to that Union Pacific's commitment to its dividend and share buyback program and it's easy to see why Cramer remains excited about the prospects for rail as the U.S. economy continues to strengthen.

IDTI Chart
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Integrated Device Technology (IDTI): Cramer sat down with Greg Waters, president and CEO at Integrated Devices, 

the semiconductor maker that makes chips for smartphones and other connected devices. Shares of Integrated Devices are up 18% since January.

Waters said the average person checks their smartphone 14 times a day, and every time they go to the Internet from that device that action runs through an Integrated Devices chip. He said while some of the chips, like wireless charging, are visible to consumers, 90% of what his company does is never seen.

One of the big areas the company focuses on is mobile video because the backbone on the Internet is constantly getting rebuilt to carry more and faster video content. Integrated Devices also helps today's faster processors talk to slower memory and networks that have not kept pace with the speed revolution.

To read a full recap of "Mad Money" on CNBC, click here.

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At the time of publication, Cramer's Action Alerts PLUS had no position in stocks mentioned.

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