Everything Jim Cramer said about the stock market on ‘Mad Money,’ including trimming Tesla, Everbridge CEO

Everything Jim Cramer said about the stock market on 'Mad Money,' including trimming Tesla, Everbridge CEO thumbnail

CNBC’s Jim Cramer recommended taking some profit from Tesla off the table after a highly speculative trading day on Wall Street. The “Mad Money” host sat down with David Meredith, CEO of Everbridge, to get insight into the emergency response software company’s growth.

Protect those gains

A Tesla Model 3 at the Paris International Motor, October 2, 2018.

Uli Deck | picture alliance | Getty Images

gave shareholders a chance to trim their holdings and take some profits to the bank after the stock surged yet again, CNBC’s said Wednesday.

I would sell maybe as much as half here — if you bought it when I said — but then let the rest run,” the “Mad Money” host said.

Critical event management

David Meredith, CEO, Everbridge

Scott Mlyn | CNBC

CEO David Meredith gave Cramer insight into how the critical event response software firm is positioned for growth, both domestically and internationally.

The Massachusetts-based company says it has pioneered a response system called critical event management, or CEM, that simplifies emergency communications systems for enterprises.

“One of the things we’ve really gotten good, if you look at the last quarter, we had a breakout quarter for CEM. We doubled quarter over quarter our CEM deals,” Meredith said in an interview. “And what’s happening is we’re replacing three or four or five other vendors with one platform, and it’s a cost saving.”

Cramer’s lightning round

In Cramer’s lightning round, the “Mad Money” host gave his thoughts about callers’ favorite stock picks in rapid speed.

: “This stock’s had an unbelievable run. Fantastic run. We did sell it for … my charitable trust because it had too much of a run. On a pullback.”

: “They’re doing fantastically. Risk management. That is a great business to be in right now.”

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