Jim Cramer's Top Takeaways: Red Hat, Finish Line, Nike, Micron

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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 Monday's trading.

RHT Chart
RHT data by YCharts

Red Hat (RHT) : In an exclusive interview, Cramer sat down with Jim Whitehurst, president and CEO, and Frank Calderoni, the new CFO of Red Hat. Shares of Red Hat have risen 40% over the past 12 months.

Whitehurst said the majority of the world's equity markets run on Red Hat software, including the New York Stock Exchange. That's because of Red Hat's speed and security features.

When asked about his move from Cisco (CSCO) to Red Hat, Calderoni explained Cisco has always had a great partnership with Red Hat, and the company was a logical choice for his next opportunity. Both Red Hat and Cisco have a lot of synergies when it comes to building the cloud-based systems companies are craving.

Whitehurst also touted Red Hat's subscription model as a big plus for his company, saying Red Hat has both a high renewal rate and is always innovating with new services that customers can sign up for.

FINL Chart
FINL data by YCharts

Finish Line (FINL) : In his second interview, Cramer also spoke with Glenn Lyon, chairman and CEO at Finish Line, the athletic apparel chain with 1,030 stores that just delivered a 6-cents-a-share earnings beat on better-than-expected revenue that jumped 9.1% year over year.

Lyon said that Finish Line is always making bets on which merchandise customers will want nine months in advance and sometimes, he admitted, they get it wrong. But after a weak start of the year, they're back and moving in the right direction.

Additionally, Lyon said Finish Line continues to invest in technology to offer its customers an omni-channel experience where they can order from anywhere they are. Finish Line also continues to excel with its store-within-a-store concept inside of Macy's (M) .

Cramer said the Finish Line story extends well beyond a single quarter and he remains bullish on the stock because it is the least expensive in the group.

NKE Chart
NKE data by YCharts

Nike (NKE) versus Micron Technology (MU) : What should investors make of the fabulous quarter posted by Nike and the abysmal one posted by Micron? Cramer said the markets got this one right because Micron fell to a 52-week low while Nike soared to all-time highs.

Nike's simply doing everything right, Cramer said, pouring tons on money into research and development and delivering innovative products that customers are clamoring for around the globe. Meanwhile, Micron still largely makes DRAM memory chips, and there's no shortage of those.

While customers are willing to pay up for the latest pair of Nike sneakers, PC prices continue to slide, taking the values of the component makers with them.

"The markets got this one right," Cramer reiterated. Nike is heading only higher while Micron will continue to slide into obscurity.

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

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here.

At the time of publication, Cramer's Action Alerts PLUS had a position in CSCO.

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