On CNBC's "Stop Trading" segment, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, looked at some of Thursday's biggest winners.

Jack In The Box (JACK - Get Report)  shares are up more than 10% after the company beat on revenue and earnings expectations. The company also provided "remarkable" guidance, Cramer added.

"It was much better than expected," especially given the inconsistency seen in the restaurant sector. It's an industry that is "more case-by-base than I've ever seen," he said.

Cramer then turned his attention to Ball Corp. (BLL - Get Report) , which is up more than 9% after the company also beat on earnings per share estimates. While it missed on revenue expectations, it didn't really matter, thanks in part to a late-June ruling that it had won antitrust approval to merge with Rexam.

This basically allowed the two biggest companies in the industry to merge, Cramer said, adding that the Justice Department should have prevented it. It would never allow Coca-Cola (KO - Get Report) and PepsiCo (PEP - Get Report) to merge, he reasoned.

"You knew when the consolidation occurred that they were going to be able to put the screws to everybody, to their suppliers, to the customers," Cramer said of Ball. "It's just wrong." 

Stil, it wasn't tough to see how the company could report a remarkable quarter.

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