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Jim Cramer's Top Takeaways: Accenture, Newell Rubbermaid, Alcoa

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Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.

Did you miss last night's "Mad Money" on CNBC? If so, here are Jim Cramer's top takeaways for today's trading.

Accenture (ACN - Get Report) : Before you buy any stock, you must first know what you're buying, Cramer told viewers. Understanding what a company does is easier for brands you interact with in your daily life, but for companies like Accenture, figuring out how they make their money is a little tougher.

Shares of Accenture are up 21% since their February lows, but does that make them cheap or expensive? If the stock pulls back, is that a time to buy more or sort selling? Investors can't hope to answer these questions without knowing the basics.

Accenture calls itself a technology outsourcing company, but in fact the company helps other companies respond to technological change. It has been investing big into digital technology including the cloud, mobile and data analytics so Accenture can help other companies do the same.

For example, when food giant Mondelez (MDLZ - Get Report) realized its operating margins were lagging its peers, the company called Accenture, which implemented a new, modern budgeting system that has already saved Mondelez $350 million and is expected to save over $1 billion during the next three years.

Shares of Accenture currently trade at...


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