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Did you miss last night's "Mad Money" on CNBC? If so, here are Jim Cramer's top takeaways.
Deere & Co. (DE) : Sometimes, a company can really turn things around, Cramer told viewers, and that was certainly the case with Deere & Co., the stock of which took a leap that no one anticipated.
Deere's stock had fallen from more than $100 a share to just under $70 as the company fought against both weakening end markets and a strong dollar. Even when Deere's earnings weren't that bad, the company's management scared investors away with grim commentary on their conference call.
But this quarter saw a stunning 50-cents-a-share earnings beat, yes, 50 cents -- enough to send shares rocketing 11% in a single day.
Cramer said Deere now seems to be doing everything right, with the company's agriculture and turf division seeing sales increase by 37%. Financial services were also a bright spot for the company, as were its cost-cutting efforts.
Better still, Deere management only had good things to say about the outlook. Cramer said the move in Deere shares was a lot more than a typical short-squeeze; the earnings estimates are now too low and need to taken higher. Deere, he said, is a buy right here and a strong buy on any weakness.
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Tech Data Corp. (TECD) : Cramer took the pulse of the tech sector by speaking with Bob Dutkowsky, CEO of Tech Data, the technology supplier that just posted an 18-cents-a-share earnings beat.
Dutkowsky said that technology can no longer be segmented into categories like consumer, enterprise or the cloud. Everything now fits together, which means customers need end-to-end solutions that span the living room to the data center and beyond.
That's why Tech Data's purchase of Avnet's (AVT) technology solutions business, announced two months ago, for $2.6 billion makes so much sense, Dutkowsky added, as Tech Data can now provide complete solutions for customers, picking the best products from over 600 vendors.
Tech Data loves disruption, Dutkowsky said. He added that his company is designed to be highly adaptable and is always capable of providing what customers demand.
Cramer's bottom line, Tech Data remains a terrific way to invest in the tech sector.
Schulman said that PayPal is on track to be a leader in mobile payments. The company had more than $1 billion in such payments on Black Friday alone. He was also bullish on Venmo, PayPal's subsidiary, which is rapidly becoming the way millennials manage their money, Schulman said. Venmo is expected to conduct $20 billion in payments this year.
PayPal is also hard at work creating new partnerships with the likes of Visa, Mastercard (MA) and other traditional payment processors. Schulman said that while it's still too early to judge the results of these partnerships, he's encouraged by what he sees.
Cramer said that PayPal is undervalued, given that it's one of the few companies that offer investors real growth.
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