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NEW YORK (TheStreet) -- Nobody knows whom to trust in this market, Jim Cramer told his "Mad Money" viewers Wednesday after a roller-coaster session on Wall Street. Cramer said there are two sides to every earnings report, and the ugly side is where investors are focusing.
In a market dominated by traders, Cramer said it's no wonder stocks like Buffalo Wild Wings (BWLD), which posted beat earnings expectations by 3 cents a share, rose 3% on the news only to change course in a nanosecond, falling 10% on what analysts perceived as "limited visibility."
The same was true for Ralph Lauren (RL), which saw its shares pop on earnings only to do an about-face, down $15 on less-than-expected gross margins.
It's not yet time to write off all of 2014, however, Cramer concluded. It's only February, but it's also not time to be aggressive, especially with a poor unemployment number expected on Friday.
Executive Decision: Irwin Simon
For his "Executive Decision" segment, Cramer once again sat down with Irwin Simon, chairman, president and CEO of Hain Celestial (HAIN), a stock that slid 6.1% after the company reported and failed to meet exceedingly high market expectations.
Simon said Hain is celebrating its 20-year anniversary this year. Now that it's the world's largest organic food company, it's time to stop looking at the company one quarter at a time. Look at Hain for the long term, Simon continued.