Jim Cramer's Top Takeaways: PVH, Marathon Petroleum

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Did you miss last night's "Mad Money" on CNBC? If so, here are Jim Cramer's top takeaways.

PVH (PVH)  : Cramer spoke with Manny Chirico, chairman and CEO of PVH (PVH) , the parent company of Calvin Klein and Tommy Hilfiger that just posted a 20-cents-a-share earnings beat. Shares of PVH are up 43% for the year, but the stock fell 1.8% Wednesday.

Chirico said that international sales were particularly strong for the quarter in both Europe and Asia. In the U.K., things "couldn't be better." Meanwhile, here at home, Chirico said things were rough in the first half of November, but after the election there has been a "significant improvement" in sales.

Despite all the good feelings though, Chirico remained cautious, saying there is still a lot of noise and many questions surrounding the election and what Trump's policies will mean for trade and the dollar.

Aside from the election, Chirico said, PVH's partnership with Amazon.com (AMZN) is going well and he's seeing strength in the Van Heusen brand at Kohl's (KSS) .

Cramer and Mohr are adding to their holdings of Adobe (ADBE) and Arconic (ARNC) . Find out why and what they're telling members of their investment club with a free subscription to Action Alerts PLUS.

Marathon Petroleum (MPC)  : Cramer spoke with Gary Heminger, chairman, president and CEO of Marathon Petroleum (MPC) , the nation's third largest oil refiner.

Heminger started off by saying that Marathon has done a lot to grow value for shareholders since its spinoff from Marathon Resources (MRO) in 2011, and shares are up 140% since their IPO. But even with that growth, he feels that his company's shares are undervalued.

When asked about Wednesday's OPEC news, Heminger said that per-barrel oil prices in the $50 range is a good level to put people back to work and the deal to cut production is right where it needs to be -- which is why shares of Marathon Resources were up 20% Wednesday.

How will Trump help Marathon? Heminger said the U.S. desperately needs pipelines, and Trump can help in the permitting process for both the Keystone and Dakota Access projects.

Finally, when asked about Marathon's Speedway acquisition, Heminger said the gas station chain is important to Marathon, as they sell six billion gallons a year that flow through their pipes, terminals, barges and other infrastructure.

Cramer reiterated his recommendation of Marathon Petroleum, which he too called undervalued.

OPEC's oil-cut news: Find out how this affects Action Alerts PLUS. Read what Cramer and Jack Mohr are telling members with a free subscription to their investment club.

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At the time of publication, Cramer's Action Alerts PLUS had no position in stocks mentioned.

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