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NEW YORK (
TheStreet) -- Jim Cramer told the viewers of his "Mad Money" TV show Thursday that he's tired of the media's endless badmouthing of practically every company that has something positive to say.
He told investors to forget the negativity and instead revel in the miraculous results companies have been posting.
Wal-Mart (
WMT), for example, delivered terrific earnings and noted a better-than- expected back-to-school shopping season, but the media seems focused on slumping same-store sales, he said.
Macy's (
M), is another retailer that blew away earnings, while the media is zeroed in on the company tempering expectations, he said.
Cramer said analysts are still worried about
Urban Outfitters (
URBN) despite the fact it posted earnings that were much better than anyone expected.
Cramer said the negativity also extends beyond retail to companies like
Caterpillar (
CAT). He said at this point in the economic cycle, Caterpillar should be losing money, but it's not. Instead, through sizeable cost cutting, the company remains profitable. Cramer said the media is missing the big picture by focusing on sales.
Then there's the badmouthing of "Cash For Clunkers," he said. "Isn't it impressive that people are shopping for cars at all," he asked.
He also said people are still "worried" about
Ford (
F), which had momentum even before the Clunker's program.
Cramer said the media just wants it all, but unfortunately you can't have it all at this point in the recovery. He said the real story, the one the media "should" be reporting on, is that all of these companies are still alive and kicking at all.
