Cramer's 'Stop Trading!': Wal-Mart

NEW YORK (TheStreet) -- On Thursday's "Stop Trading!" segment on CNBC, Jim Cramer and host Erin Burnett spoke with Ernst & Young Chairman and CEO Jim Turley about women in business.

"Women now own or manage up to a third of the businesses in the United States, but they tend not to scale up as quickly as the businesses owned by men," said Turley. "It's about capital. It's about networks of business associates. It's about having mentoring to help them grow their business."

As for discrimination, he said it's less about discrimination in the U.S. than it is in other parts of the world, to the detriment of those other economies. "The more women are empowered, the more they are in the business community, the better GDP growth is," said Turley. "We've seen that around the world."

Cramer said he's anxious to see more female CEOs, as well. "It's got to become newsworthy when a woman becomes CEO," he said. "That's when I know we're there."

Turning to Wal-Mart(WMT Quote), which reported earnings before the opening bell today, Cramer said its earnings were "perfect," but "immediately some clown comes in and starts banging down the bid."

In light of this, Cramer entered a plea to his viewers. "Please," he said. "Before you ever make a move on a stock, at least wait till you hear the prerecorded conference call."

It was "embarrassing," he said. He called Wal-Mart "the biggest retailer in the world" and said that "people were trading it incorrectly because they just refused to wait for the information. It was a great buy."

-- Written by Rebecca Corvino in New York.