Did you miss "Mad Money" on CNBC? If so, here are some of Jim Cramer's top takeaways.
For his "Executive Decision" segment, Cramer sat down with Shantanu Narayen, chairman, president and CEO of Adobe Systems (ADBE - Get Report) , the creative software maker that just delivered a seven-cents-a-share earnings beat with a 27% rise in year-over-year revenues. Shares of Adobe just hit a brand new all-time high.
Narayen said that people want to create and businesses want to transform and Adobe has products for both. They were among the first companies to embrace the cloud and in this most recent quarter, 86% of Adobe's revenue was recurring and affords them terrific cash flow as well as both top- and bottom-line growth.
In addition to tools for creative professionals, Adobe is also a leader in digital marketing, processing billions of transactions a month, 50% of which are now on mobile platforms. The company also offers stock photography service to help novice users get started with Adobe products.
Narayen said that the terms Photoshop and PDF are now part of the vocabulary, and Adobe has become mission critical software for creativity.
Over on Real Money, Cramer says we could continue to see this brutal bifurcation, as oil could go much lower. Get more of his insights and a free trial subscription to Real Money.
Cramer and the AAP team say they're watching Apache (APA - Get Report) and Schlumberger (SLB - Get Report) closely after a downgrade. Find out what they're telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts PLUS.
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