may have tried to cover its errant earnings report by citing challenges in Japan and Germany, it had a "crummy" quarter, Jim Cramer said on TheStreet.com TV's Wall St. Confidential
Web video Thursday.
"You buy the stock off the dividend and off the fact that its valuation is so low," Cramer told Gregg Greenberg, the host of Wall St. Confidential. "But there's no masking a crummy quarter when you've got one."
Cramer said he's been "picking at" Altria for his charitable trust,
Action Alerts PLUS, but is "disappointed" with the company.
"I really think they should have done a better job," Cramer said. "
is the winner in this segment."
Cramer said he's also been beating himself up on
, another stock he owns for Action Alerts PLUS. He said UnitedHealth "totally missed execution," and he is "flabbergasted by how bad this quarter was."
Given the fact that it's a low-multiple company, people will be able to make some money with it, but "it's no longer a good company," Cramer said. And even though UnitedHealth has been blaming its quarter on higher medical costs,
is an example of a company that is dealing with higher costs too and yet has gone up, he said.
, on the other hand, is doing well because "
is falling apart."
"Motorola is so bad that Nokia wins no matter what," he said. "This was not a good quarter for Nokia," but Cramer still believes it will go from $24 to $30.
"One of the most disheartening things about trying to invest in this environment is that Nokia looked bad, but you had to buy it, and Motorola tried to look good, but you had to sell it," he said. In general, Cramer said he believes "it's too hard" to invest or trade during earnings season.
At the time of publication, Cramer was long Altria and UnitedHealth.
Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for
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