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NEW YORK ( TheStreet) -- It's time to take a vacation from Washington and focus on what really matters -- earnings, Jim Cramer said on "Mad Money" Thursday. Great companies don't make excuses, they deliver the goods, which is why Cramer took time out to celebrate the best and worst earnings so far this quarter.
Among the triumphs: Verizon (VZ), a stock that delivered double-digit growth, strong cash flows and customer loyalty, plus beat the estimates and raised them. Cramer said that with this remarkable management team, it's no wonder he's been recommending the company for almost eight years.
Also making Cramer's top performers list: American Express (AXP), a company on the ropes just a few years ago but now one with credit card losses at historic lows. American Express didn't see any slowdown in spending from Washington, Cramer noted, which is why shares popped 5% today.Finally, there's PPG Industries (PPG), a company that dispelled the myth that there are no opportunities for growth if you're an industrial company. PPG has growth in every region around the globe, including Europe. Then there were the misses, failures and disappointments. Cramer called out IBM (IBM), eBay (EBAT) and Xilinx (XLNX) as the worst misses so far. He said IBM delivered no growth, while eBay saw commerce decelerating. After boasting it was taking market share a few weeks ago, Xilinx announced today it lost a huge order to a competitor and offered up only tepid guidance for the rest of the year. Cramer said he expects most earnings this quarter to be like Verizon, American Express and PPG, three great companies that can prosper even when Washington is on the brink of tanking our entire economy.