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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.
Are the markets overreacting to a Trump presidency?
Cramer said he thinks so when it comes to the private prison stocks and the gun makers. Just after the election, the prison stocks, led by CoreCivic and Geo, rocketed higher, while gun makers Sturm Ruger and Smith & Wesson plummeted.
On the surface, the moves seem logical, Cramer said. Trump has said he plans to deport millions of illegal immigrants, which is potentially great for federal prisons.
He also isn't likely to increase gun control, which makes the perceived need for buying guns a lot less urgent than it might have been under a Clinton administration.
But Cramer said the market was too shortsighted with these snap judgments, as private prisons have come under intense scrutiny since 2015 and the federal government is phasing out their use. These stocks also have a ton of debt and sky-high dividends that are red flags, Cramer said.
As for the gun makers, Cramer said, they have solid businesses that shouldn't be affected by Trump, at least not in the short term.
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Chegg (CHGG) : For his "Executive Decision" segment, Cramer spoke with Dan Rosensweig, chairman and CEO of Chegg, the student services company that's seen its shares rise 127% since Cramer last checked in back in February.
Rosensweig said that education has taken a long time to go digital, but Chegg now has a platform to help students pick the right college, get financing, save on textbooks, find tutoring, get homework help and more. The company reaches over 40 million visitors a year on its website.
Chegg is also building an expansive database on student outcomes, Rosensweig explained, and can tell prospective students what other students are doing with their degrees and what skills they need to have to succeed.
Rosensweig also spoke of EasyBib, a citation service students can use to find the original source of information and prevent plagiarism. Still other services provide homework help and expert answers to questions on demand.
With so many things going for it, Cramer said the move in Chegg "is not over."
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Wix.com (WIX) : Cramer spoke with Avishai Abrahami, co-founder and CEO of Wix.com (WIX) , the website development company with shares that are up 70% since Cramer last checked in just five months ago. Wix currently has 94 million users on its platform.
Abrahami touted his company's new artificial intelligence platform as a big success thus far, saying that the service helps customers build the best website for them in just minutes and ultimately makes their businesses more successful.
Wix is now in 198 countries, Abrahami said, which is helping them achieve their 40% growth rate. Many customers are upgrading out of free packages, he said, and into full business suites that offer marketing tools and other services to help build their business.
Cramer said the artificial intelligence story at Wix is very exciting.
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