One high quality company on Jim Cramer's radar is Snap-On. The company announced earnings Thursday and beat Wall Street's expectations, prompting the stock to jump more than 2 percent in a single session.
Snap-On is the maker of premium tools and diagnostic equipment for auto repair shops, as well as aerospace, agriculture, construction, mining and power generation clients. The stock has been raising steadily, albeit quietly, and has more than doubled in the last five years.
The company delivered a 4-cent earnings beat from a $1.94 basis, and even though sales were in a little below what analysts were looking for, it had healthy organic growth across all of its major divisions.
To find out more about what was behind its stellar growth, Cramer spoke with Snap-On Chairman and CEO Nick Pinchuk.