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Cramer said the stock movement of companies such as
Johnson & Johnson
(DD), which he owns for his charitable trust,
Cramer said he initially saw nothing wrong with Verizon's earnings release this morning, yet the earnings were reported as a "miss" and shares sank. During earnings season, he explained, there's no room for just "OK" -- you're either great or you're dead in the water. Yet, by the time the company conducted its conference call and reassured investors margins would be improving this year, shares rallied.The same was true with Johnson & Johnson, said Cramer. The company issued better than expected results, only to see shares sink on perceived weak guidance. But shortly thereafter, investors focused on the right metric -- the company's spinoff of one if its divisions -- and shares shot right back up. DuPont was yet another example; that stock was down in the pre-market, only to end up 1.7%. Cramer said with results like theses, it's impossible for him to say whether a stock will be going up or down based on earnings. That's why he continues to caution investors that earnings season is the worst time to try and make money in the markets.