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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.
CVS Health (CVS ): Health care cost containment remains a hot sector, Cramer told viewers, and CVS, a drugstore chain that also comes with a built-in pharmacy benefit manager, is among the best of breed. Shares of CVS are up 74% over the past two years, but that may only be just the beginning.
CVS currently has over 71 million members in its pharmacy benefit program, a business that generated $7.5 billion in new business. The company also has a specialty pharmacy business that is taking market share.
Then there are CVS' 7,800 locations throughout the U.S. which command a respectable 21% market share. These stores may only have posted 1.2% same-store sales growth when they last reported. Considering the company's bold move to stop selling tobacco, sales are still strong.
Yet, despite all these positives, and the recent announcement that CVS is acquiring Omnicare for $12.7 billion, CVS still trades for just 17.3 times earnings, the cheapest of its peers.
GameStop (GME): This stock may have been left for dead last year, but it's been on fire in 2015, up more than 29%, causing Cramer to issue a mea-culpa for being too negative on this successful turnaround story.
Many investors, Cramer included, had written off GameStop as becoming increasingly irrelevant in a world where games can simply be downloaded directly to game consoles. But 2014 proved to be just a transition year. Now that many gamers have their new Xboxes and PlayStations, they're returning to GameStop stores.
But GameStop is about a lot more than just games. The company acquired SimplyMac, a chain of Apple-authorized resellers, two and a half years ago, and has already increased the chain from 20 to 70 locations, with another 50 planned this year -- helping to bring Apple Store experience to smaller markets.
GameStop is also building out Spring Mobile, a chain of AT&T (T)-authorized resellers with 150 locations across the U.S. and trades at just 10 times earnings with a 3.3% dividend yield.
Dominion Resources (D): In an exclusive interview, Tom Farrell, chairman, president and CEO of Dominion Resources, the utility that has seen its shares decline since the company posted a 3-cents-a-share earnings beat and an 8% boost in its dividend, which now yields 3.8%.
Farrell attributed the weakness in Dominion's stock to the classic cyclical rotation out of utilities that typically precedes a rise in interest rates. He said once the Federal Reserve actually raises rates, the utilities tend to rise once again.
But despite the weakness in his stock, Farrell is still hard at work planning for the future. Dominion recently announced a $20 billion capital investment plan for the next six years that continue bolstering their presence in the Mid-Atlantic region.
Farrell noted the growth of data centers in the company's service area continues to rise as companies are taking full advantage of the cheap, reliable power Dominion offers.
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