Jim Cramer's Mad Dash: AIG Looks Fabulous

NEW YORK (TheStreet) -- American International Group (AIG) reported terrific earnings results, according to TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio

Read More: Greenberg: Why Michael Kors Should Stop Giving Guidance

On CNBC's "Cramer's Mad Dash" segment, Cramer said investors should use today's weakness in the overall markets to take a look at the stock on the long side. 

Investors are worried about the geopolitical issues related to Russia, he reasoned. If the situation worsens, then stocks will likely go down. 

If the situation is resolved, then equities are likely headed higher, he concluded, and AIG is in fabulous shape.

-- Written by Bret Kenwell in Petoskey, Mich.

Read More: A Simple Options Trading Strategy That Beats the S&P 500

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

If you liked this article you might like

What's Behind the Hound of Hades' Stock Market Rampage

What's Behind the Hound of Hades' Stock Market Rampage

Dow, S&P 500 and Nasdaq Post New Records as Senate Reaches Deal to End Shutdown

Dow, S&P 500 and Nasdaq Post New Records as Senate Reaches Deal to End Shutdown

Closing Bell: LIVE MARKETS BLOG

Closing Bell: LIVE MARKETS BLOG

Dow, S&P 500 and Nasdaq Shake Off Government Shutdown to Trade Higher

Dow, S&P 500 and Nasdaq Shake Off Government Shutdown to Trade Higher

Investors Are Really Confident These Days: LIVE MARKETS BLOG

Investors Are Really Confident These Days: LIVE MARKETS BLOG