Did you miss "Mad Money" on CNBC? If so, here are some of Jim Cramer's top takeaways.
For his "Executive Decision" segment, Cramer checked in with Martin Anstice, president and CEO of Lam Research (LRCX) , the semiconductor equipment maker that on Thursday posted a huge earnings blowout, a 66-cents-a-share earnings beat with sales up 37% year-over-year. Shares responded with a 5% selloff today.
Anstice said that Lam had a tremendous year and the impact of silicon on our daily lives is only increasing. While it used to be that only PC and cell phone sales mattered, now content growth -- which is growing 50% a year -- and the data center are taking center stage.
Lam is enabling its customers with a broader line of differentiated products than ever before and that's why the company is growing as strongly as it is. Shares of Lam are up 380% over the past five years.
Cramer said today presented a rare opportunity to buy.
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Over on Real Money, Cramer says 3M (MMM) is an amazing company because it's been consistently making changes. Get more of his insights with a free trial subscription to Real Money.
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