Shares of Under Armour (UA) are higher by more than 20% after beating on the top and bottom lines and provided better-than-expected guidance.
Cramer called it a "stealth technology" company, and said sales are doing so well because the company continues to reinvent apparel. He added that cold weather seems to be boosting its sales.
Facebook (FB) is also higher after reporting earnings. Shares are currently up about 15% and Cramer said it's still at a level that investors can buy it at. He added that the company is selling at 33 times 2016 estimates, which is "dirt cheap" for a growth stock.
However, he is not a fan of Exxon Mobil's (XOM) recent quarter.
Cramer said the company's production growth failed to increase last quarter. He continues to like independent oil producers, such as Noble Energy (NBL), EOG Resources (EOG), Continental Resources (CLR), and Pioneer Natural Resources (PXD). NBL is a holding in Cramer's Action Alerts PLUS charitable trust.
-- Written by Bret Kenwell in Petoskey, Mich.