Did you miss “Mad Money” on CNBC? If so, here are some of Jim Cramer’s top takeaways.
For his “Executive Decision” segment, Cramer spoke with Jim Fish, president and CEO of Waste Management (WM) , which just posted an eight-cents-a-share earnings beat, but saw shares decline as investors worry over the impact of trade wars with China on the company’s recycling business.
Fish said that only a tenth of their business is recycling, but it is true that China is getting stricter about the amount of contamination they will accept in the recycled materials they import. That is leading to more education about what is and isn’t recyclable and may ultimately lead to higher fees for clients that don’t comply.
Outside of recycling however, business is strong at Waste Management. Fish said that their commercial business is fantastic, industrial and landfill is strong and only residential is showing softness. He added that it’s hard to find a geography that isn’t performing well, but Florida, Texas and California are among the standouts.
Cramer and the AAP team the main factor contributing to Friday’s weakness was Apple (AAPL) . 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 there’s a big hate on hardware and he doesn’t see what’s going to change that. Get more of his insights with a free trial subscription to Real Money.
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