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Did you miss last night's "Mad Money" on CNBC? If so, here are Jim Cramer's top takeaways for today's trading.
General Electric (GE - Get Report) : In an exclusive interview, Cramer spoke with Jeff Immelt, chairman and CEO of General Electric, the industrial giant that's undergoing a transformation as it sheds its legacy financial businesses.
Immelt said a number of things are coming together now that the spinoffs and divestitures are nearing completion. He said GE is now easier for investors to understand and his team knows what they need to do and has the tools to get it done.
GE in investing for growth, Immelt continued, making long-term bets on technology and globalization. He said GE's diversification is its strength and the company provides both organic growth and capital returns for shareholders.
When asked about climate change, Immelt said GE has been working on the problem for over a decade, with a host of clean energy and energy efficiency products. That trend will only continue as green energy moves into the mainstream.
Meanwhile, Immelt said GE is invested in the oil and gas business not because prices were high, but because the industry needs technology to be more efficient over the long-term.
Cramer remains a big fan of General Electric.
That's the case with the vitamin retailers, Cramer explained. This group has been in the crosshairs of regulators for months, causing the stock of GNC to fall 35% and rival Vitamin Shoppe (VSI - Get Report) to slide 37% so far this year.
Of the two, Cramer said he'd bet on GNC because vitamins are proving to be one item that you don't want to risk buying online, and GNC sells mostly its own brands and knows where all its ingredients come from. That also affords the company the highest margins of the group.
Additionally, shares of GNC trade at less than 10 times earnings and the company is buying back $200 million of its own shares, which translates to a hefty 8% of GNC's market cap.
PVH Corp (PVH - Get Report) : In his second exclusive interview, Cramer sat down with Manny Chirico, chairman and CEO at PVH, the apparel maker that delivered a 19-cents-a-share earnings beat on better-than-expected sales despite the warmer weather and strong currency headwinds. Shares of PVH responded by rallying over 4.8% on the news.
Chirico said he continues to focus on the underlying business. After being in the apparel business for over 20 years, he's used to managing things like fashion risks and even weather risks.
When asked about the global economy, Chirico was upbeat about sales in Europe and even Latin America, calling out the U.S. as the toughest market at the moment. He said there are too many stores in America and it's getting tougher for bricks and mortar retailers. Nearly 85% of all PVH sales still stem from traditional retailers, he noted, with only 15% coming from online sales.
Cramer said that PVH remains a great company even in a tough environment.
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