NEW YORK (TheStreet) -- Despite negative pre-announcements such as the one 3D Systems (DDD) - Get 3D Systems Corporation Report issued Wednesday, strong earnings results from companies such as Dow Chemical (DOW) - Get Dow, Inc. Report are helping to ease concerns about a global slowdown and stabilize the stock market.
There were some concerns about whether revenue would be weak for Dow Chemical due to its European exposure, TheStreet's Jim Cramer said on CNBC's "Cramer's Mad Dash" segment.
But the company beat on top- and bottom-line estimates, and shares are trading higher Wednesday.
Cramer, the co-manager of the Action Alerts PLUS portfolio, said that "this is a pretty good quarter."
"Costs are way down, revenues are way up and margins are terrific," he said, adding that Dow Chemical has a "fabulous" business in Latin America.
Turning to 3-D printing, Cramer said that 3D Systems pre-announced a "hideous" third-quarter earnings report.
Shares are lower after the company guided for revenue to be in the $164 million to $169 million range, below the consensus of $186 million. The company also expects earnings per share of 16 cents to 19 cents, below analysts' expectations of 21 cents a share.
"I've been telling people to sell 3D Systems, just get out of it," Cramer said.
Management cites its inability to meet high demand as the reason for its earnings woes.
But Cramer doesn't buy that explanation, saying to avoid the stock.
Dow Chemical, which is up more than 10% this year, is an Action Alerts PLUS holding.
-- Written by Bret Kenwell
At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.