Did you miss "Mad Money" on CNBC? If so, here are some of Jim Cramer's top takeaways.
In an "Executive Decision" segment, Cramer again checked in with Jim Whitehurst, president and CEO at Red Hat (RHT) , the open-source software provider which just delivered a three-cents-a-share earnings beat with 19% revenue growth. The company also raised its full-year guidance and offered strong commentary. Shares of Red Hat soared 9.5% in today's session.
Whitehurst said that more companies are turning to the cloud, and Red Hat is the perfect partner whether you're in a public cloud or are operating in a traditional data center. The cloud is going mainstream, he added, with the retail and industrial sectors now riding the wave.
Government has also been a strong growth engine for Red Hat. Whitehurst said he's not been invited to the White House yet, but overall, the government is embracing the open-source model.
Finally, Whitehurst talked about the telecommunications industry transitioning to 5G technology. He said the while it's still early days, 5G could be a large business for Red Hat going forward.
Over on Real Money, Cramer says we could continue to see this brutal bifurcation in the markets, 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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