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NEW YORK (
TheStreet) -- High-profile blowups may wreck havoc on the markets, but investors still may be better off than they think, Jim Cramer said about Tuesday's market action.
"Mad Money" viewers today's selling really wasn't that bad and even had a few bright spots.
The market is all about symmetry, the predictable cycle of stocks going from free fall, to stability and eventually to recovery and rally.
That cycle will be playing out for
DuPont(DD), he said, as this stock he owns for his charitable trust,
Action Alerts PLUS
, delivered a horrendous quarter Tuesday. DuPont reported a 32-cent-a-share profit when the markets were looking for 47 cents. That's a full 32% less than investors were expecting and weakness that should have been pre announced by the company weeks ago.
But despite the weakness and the resulting carnage in its share price, Cramer said that DuPont now yields 3.8% and will likely bottom around 4% as the prospects for this great industrial can only improve with the global economy.
Cramer said two other names,
Apple(AAPL), another Action Alerts PLUS name, also hit the markets hard, but they, too, are worth owning for the long term.
Google(GOOG) demonstrate how this cycle works, said Cramer, as that stock was hit last week, only to stabilize and begin to recover this week.
There were other bright spots in the market, said Cramer, including
Panera Bread(PNRA), all of which were able to surprise to the upside.
In the "Executive Decision" segment, Cramer spoke with Chuck Bunch, chairman and CEO of
PPG(PPG - Get Report), a chemical maker that, unlike DuPont, delivered a 5-cents-a-share earnings beat when it reported last week. PPG currently pays a 2% yield.
Bunch noted that the commodity chemical business, in which DuPont participates, is a volatile and a cyclical one, which is why PPG has chosen to jettison many of its commodity businesses in favor of specialty chemicals that offer more consistent sales and earnings. He said products like longer-lasting corrosion protection and other coatings are important to customers and help build stable relationships.