Jim Cramer -- Buy Unilever on 'Amazing' Organic Sales

Shares of Unilever (UL) are up roughly 4% on Tuesday after the company reported stronger-than-expected sales for the fourth quarter. 

But on CNBC's "Mad Dash" segment, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, focused on Unilever's organic sales, which rose 4.9%. 

"That's like a heyday number," Cramer said. CEO Paul Polman is "extraordinary" and "such a good manager." The company seems to be "doing everything right," he added, including "amazingly strong" results in emerging markets. 

UL Chart
Unilever UL data by YCharts

When the market sellers have "washed out," investors will start to circle back to the high-quality stocks, starting with Unilever, Cramer said. 

Speaking more broadly on the stock market, he explained that the good stocks never trade low enough, while the bad stocks seem to do nothing but cascade lower during market selloffs. 

So far, earnings have been coming in much better than expected rather than much worse, Cramer noted. Bank of America  (BAC) and JPMorgan Chase  (JPM) have done well while others such as Intel  (INTC)   haven't fared as well. He believes Coca-Cola  (KO) should report good results for the fourth quarter. 

At the time of publication, Cramer's Action Alerts PLUS had a long position in BAC.

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