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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.
Consolidated Edison (ED - Get Report) : In an exclusive interview, Cramer sat down with John McAvoy, chairman and CEO of ConEd, the utility provider to most of New York City and Westchester County in New York.
McAvoy said ConEd's earnings are not tied to the unseasonably warm weather but to the company's ability to make prudent capital investments over time. He said electricity usage is flat in the New York area thanks to energy efficiency initiatives, which are good for customers and the environment.
ConEd is expecting a 2.3% increase in natural gas usage as more homes and businesses convert from oil and coal to cleaner and cheaper natural gas. McAvoy said ConEd has wind and solar facilities outside of their service area.
When asked about the New York economy, McAvoy noted the region's diversity as one of its strengths. He said New York has great tourism, technology, education, hospitals and health care, all of which provide it with a strong base of activity.
McAvoy said ConEd's new advanced metering initiatives, which will place smart meters at customers' homes to allow for real-time monitor and outage detection as well as reduce overall load by 1%.
Cramer called ConEd a great growth and dividend story.
Ascena Retail Group (ASNA - Get Report) : In his second "Executive Decision" segment, Cramer also sat down with David Jaffe, president and CEO of Ascena Retail, the specialty retailer that's seen its shares plunge 22% in 2015.
Jaffe said there's no doubt the warm weather throughout the country has affected sales of cold weather gear. He said customers can expect to see a lot of promotional activity on items like sweaters and scarves this year.
Going beyond this holiday season, Jaffe said customers have not really swung back to the apparel category since the recession ended, opting instead for electronics and other items.
That trend hasn't deterred Ascena, however. The company announced a $200 million stock buyback program. Jaffe said the acquisition of Ann Taylor will begin showing strong results this spring and the company is confident in the business.
General Electric (GE - Get Report) , FedEx (FDX - Get Report) , CVS Health (CVS - Get Report) and Honeywell (HON - Get Report) : As investors gear up for 2016, Cramer his "fabulous four," four companies that seem poised to do exactly what they've already told us they would do next year.
Cramer explained there was nothing remarkable about the comments made by General Electric (GE - Get Report) , FedEx (FDX - Get Report) , CVS Health (CVS - Get Report) and Honeywell (HON - Get Report) this week, except they all reaffirmed their guidance for 2016.
That may not seem like a lot. But in an economy with global pressures, falling commodities and rising interest rates, being autonomous enough to not cut your estimates is a real sign of strength, delivering for investors no matter what.
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