Carnival Corp.  (CCL) - Get Carnival Corporation Report just rolled into port with some good news. 

On Wednesday, TheStreet's founder Jim Cramer, who also manages the Action Alerts PLUS charitable trust portfolio, said that he was expecting another great quarter from Carnival. 

Well, Carnival delivered, again beating on top and bottom line earnings results. Analysts were looking for earnings of 47 cents a share, as Carnival delivered 52 cents a share. On the revenue front, sales of $3.95 billion grew 6.5% year-over-year and topped analysts' estimates by $70 million.

The stock is now up about 1% in Thursday's trading session, but it initially traded lower shortly after the open. Carnival's stock falling initially is just "nutty" on that good of a quarter, Cramer said.

Investors seem to be yawning at what was just "one more unbelievable quarter," he added, pointing out that bookings remain tight for the next nine months. It also helps that oil has taken such a beating, as it boosts Carnival's bottom line.

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Carnival, cruise ships, Ulta Beauty (ULTA) - Get Ulta Beauty Inc Report and Estee Lauder (EL) - Get Estee Lauder Companies Inc. Class A Report are all part of the selfie experience, Cramer said. These stocks continue to move higher as consumers seek to look good and post their experiences on social media.

If shares of Carnival come down, investors may want to consider buying it, he concluded.

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At the time of publication, Jim Cramer's Action Alerts PLUS had no position in any companies mentioned.