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

In an "Executive Decision" segment, Cramer spoke with Benno Dorer, chairman and CEO of The Clorox Co. (CLX) , which saw earnings miss both top- and bottom-line estimates this quarter due to a challenging environment for consumer packaged goods.

Dorer explained that rising commodity and transportation costs put a damper on earnings this quarter and has forced Clorox to put its "cost savings machine" back to work.

What matters most for Clorox, Dorer added, is the company's focus on the long-term and executing their strategy to serve their customers with new and innovative products. Clorox can also benefit from getting their products into a lot more households around the world.

Dorer was also excited about tax reforms, as his company is 83% based in the U.S. and will see their tax rates decrease from about 32% to just 24%. Those dramatic savings will be reinvested into their business, returned to shareholders and also used for acquisitions, Dorer said.

Cramer and the AAP team think Raytheon (RTN) should continue to see solid long-term demand. 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.

Over on Real Money, Cramer says these wild swings allow you to buy individual stocks at absurd prices if you are simply there, waiting. Get more of his insights with a free trial subscription to Real Money.

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 RTN.

More from Stocks

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

3 Great Stock Market Sectors Millennials Should Invest In

3 Great Stock Market Sectors Millennials Should Invest In

Why Millennials Are Ditching Stocks for ETFs

Why Millennials Are Ditching Stocks for ETFs

Trump's 'Space Force' Could Launch a $1 Trillion Industry, Morgan Stanley Says

Trump's 'Space Force' Could Launch a $1 Trillion Industry, Morgan Stanley Says

Abiomed Stock Should Rise Some 12% From Here, Piper Jaffray Analyst Says

Abiomed Stock Should Rise Some 12% From Here, Piper Jaffray Analyst Says