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Cramer said he's tired of hearing how earnings have been "tepid" and revenue have been "light." From Alcoa (AA) to those earnings released Wednesday there have been very few cases of companies performing poorly. Even Coca-Cola (KO - Get Report) and Johnson & Johnson (JNJ), a stock Cramer owns for his charitable trust, Action Alerts PLUS, were able to surprise to the upside this quarter.
Value for Your PortfolioValue always has a place in every portfolio, Cramer told viewers, and in today's market value can be found in a stock like Coca-Cola. Cramer said with a challenging environment here in the U.S., Coke decided to invest where the growth is, turning in spectacular results in Brazil, Russia, India and China. The company said it still has a lot more to do in these areas, meaning there's a lot more growth ahead. Coke is also innovating, Cramer explained, as he showed off one of the company's new aluminum bottles -- it's not only eye-catching but exclusive to Coke. Cramer also praised Coca-Cola for its efforts to reward shareholders. The company has raised its dividend for 50 consecutive years, most recently with a 9% dividend boost. Earlier this year, Coke also struck a deal with Green Mountain Coffee Roasters (GMCR), which should also begin rewarding shareholders soon.
Cramer said he's not crazy about Coke's stock at current levels but would be a buyer on weakness.