On Monday, analysts upgraded shares of General Motors (GM - Get Report) , making the case that the situation isn't great, but it's not as bad as many investors think it is at the automaker. 

On Tuesday, Nomura made the case for buying Ford (F - Get Report) , TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Stop Trading" segment. The analyst argued Ford's pickup truck sales should continue to do well and that the company can further raise its dividend. 

But it seems that "nobody cares," Cramer said. Shares of both are flat so far. The problem for both stocks is investors believe 2016 will be peak earnings and earnings for 2017 and 2018 will be lower from this year's levels. 

That mindset has to change in order for these stocks to move higher, he explained, adding, "I do not believe the negativity for GM or Ford."

However, because Ford is having a tough quarter right now, investors remain skeptical of the company's ability to generate stronger earnings, Cramer concluded. 

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