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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.
CyberArk (CYBR - Get Report) : In an exclusive interview, Cramer sat down with Udi Mokady, president and CEO of CyberArk, the cyber security company with shares that have fallen a full 50% from their all-time highs last year.
Mokady commented on the day's news of Home Depot's $13 million settlement of its high-profile security breach, saying no company wants this kind of publicity and no company can afford to have its reputation damaged. That's why CyberArk continues to see high demand for its services, even in a down economy.
Mokady continued that CyberArk protects privileged accounts on a network from rogue insiders as well as past employees who may still have access to certain systems. He said CyberArk is all about preventing these accounts from getting compromised.
When asked about the breadth of their business, Mokady said every company now runs on IT and has businesses to protect, whether it be a tech company, an energy company or a food and beverage company.
Cramer said that CyberArk is giving investors everything they should be looking for in a great investment.
Urban Outfitters (URBN - Get Report) , J.C. Penney (JCP - Get Report) and Whole Foods Market (WFM) : The markets have entered a new era, Cramer told viewers, one where down is no longer out and one where investors can indeed forgive and forget.
Not all companies are destined to repeat their mistakes over and over again. That was certainly the case with Urban Outfitters , the down and out retailer that saw shares soar 16% after posted a quarter that wasn't necessarily better, but was better than expected.
The same was true with J.C. Penney, a retailer that was also able to pivot, giving customers more of what they want and bucking the recent downward retail spiral.
Finally, Cramer called out Whole Foods Market , which thanks to new smaller stores and other initiatives like loyalty programs and delivery is turning itself around and breaking free of its recent funk.
It has only been a few weeks that the markets have been willing to forgive companies like these, Cramer concluded, but the trend is clearly happening and it's only getting stronger.
Tableau Software (DATA) versus Splunk (SPLK - Get Report) : Sometimes, a company's problems are of its own making and cannot be extrapolated to the rest of a sector. Case in point: Tableau Software , the data analysis company that imploded 50% when it reported dramatically lower earnings and guidance.
On that same day just about every enterprise software company, along with many high-growth tech names, all saw huge declines -- with Workday (WDAY - Get Report) plunging 16% and Adobe (ADBE - Get Report) losing 8%.
But as Tableau rival Splunk just proved, Tableau's problems do not extend beyond itself. Spunk saw none of the problems Tableau cited and appeared to be in a different industry entirely, sending shares soaring 8%.
By comparison, Cramer said Tableau shares deserved to get cut in half while the rest of the sector didn't. That's why most often, the pin action investors see during events like this one, is dead wrong.
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