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

Cramer spoke with Mark Sutton, chairman and CEO of International Paper (IP) , which just posted a two-cents-a-share earnings beat.

Sutton admitted that they had to reset expectations this quarter, due in part to rising costs and price increases that are only just now taking effect. He said overall, International Paper does well when the U.S. economy does well and it looks like the economy is beginning to grow.

When asked about those rising costs, Sutton explained that they saw an uptick in natural gas prices but also an increase in recovered fibers. He noted that 90% of all boxes in the U.S. get recycled and the cost for that material rose due to increased demand from China.

As for his company's overall business, Sutton said that fiber materials offer a lot of convenience and are a renewable product that helps generate some of its own energy. Cramer called today's weakness another opportunity for investors.

So what's the Fed worried about? Cramer and his Action Alerts PLUS team are telling their investment-club members about the likelihood of the Fed raising short-term interest rates in March. And, Cramer is taking a close look at Magellan Midstream (MMP) earnings. You need a free trial subscription to Action Alerts PLUS.

Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.

To read a full recap of this episode of "Mad Money," click here.

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here.

At the time of publication, Cramer's Action Alerts PLUS had a position in MMP.

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