Zoe's Kitchen (ZOES), which opened for trading in mid-April, is selling off Tuesday. He called the stock "expensive versus the group" of similar restaurant stocks.
On the other hand, shares of TriNet Group (TNET) are doing well, as they should, he said. The company is "very profitable," Cramer explained. Because of its profitability, analysts such as JPMorgan, Stifel Nicolaus and Morgan Stanley, among others, all recommend the stock.
While many investors shifted toward growth and away from profitability in 2013, he argued that earnings per share will always be a meaningful and important metric in finance.
Right now, investors are looking for profitability, not the potential for profitability, he concluded.
-- Written by Bret Kenwell in Petoskey, Mich.