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

In the "Off The Charts" segment, Cramer checked in with colleague Larry Williams over the chart of Coca-Cola (KO) - Get Report , a stock for which Williams has discovered some interesting correlations. Readers may remember back in October of last year when Williams successfully called a correlation between Costco (COST) - Get Report , an Action Alerts PLUS name, and the U.S. dollar.

Today, Williams looked at the weekly chart of Coke as compared to its historical seasonal patterns. He noted that Coke rallies every year twice, once beginning in February and again at the beginning of the fourth quarter. Correlations are never perfect, but Cramer said that buying Coke in February has historically put the odds in investors' favor.

The second correlation Williams discovered was between the price of the stock and the price of sugar, which makes sense since Coke uses over two million tons of sugar every year. But Williams noted that sugar is a leading indicator, by 70 days to be precise, which means that buying shares of Coke today should be a good bet, as sugar prices spiked higher 70 days ago.

Cramer and the Action Alerts PLUS team admitted that he's a little skeptical of correlations like these, but said investors could do a lot worse than owning Coca-Cola, which is a high-quality company.

Cramer is telling their investment club members all about Arconic's (ARNC) - Get Report earnings, what's going on with CEO Klaus Kleinfeld, and how they expect the company to perform in 2017. Get a free subscription to Action Alerts PLUS.

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At the time of publication, Cramer's Action Alerts PLUS had positions in COST and ARNC.