Jim Cramer's 'Mad Money' Recap: Expect More Earnings Surprises

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Not all earnings beats are created equal, Jim Cramer told his Mad Money viewers Tuesday, some are a lot more equal than others. That's why the number and magnitude of earnings beats can control the entire direction of the markets on a given day.

Cramer said today's biggest earnings beat was Burlington Stores (BURL) , which has a history of beating expectations and raising guidance, and didn't disappoint today, sending shares up 15.9%. Burlington's earnings were so good, Cramer ranked it up there with TJX Stores (TJX) , Ross Stores (ROST) and Ulta Beauty (ULTA) .

Another earnings beat came from Analog Devices (ADI) , a semiconductor that's underappreciated by analysts but is following in the path of Broadcom (AVGO) and NXP Semiconductor (NXPI) and diversifying itself into a powerhouse.

Cramer also highlighted upside surprises from Dollar Tree (DLTR) , which rose 8.1% on the day, and Cracker Barrel (CBRL) , up 5.7%. He said both of these companies had lowered expectations earlier in the year but then came roaring back.

Finally, Signet Jewelers (SIG) reported earnings that were not as negative as everyone expected, which was a surprise, as were the earnings from Palo Alto Networks (PANW) , which fell 13% on the day after the company reported results that were worse than expected.

A Special Invitation

It's not how you voted, it's how you invest. So how can investors win in the wake of this historical election? If you're planning to be in New York on Tuesday, Dec. 6, you are invited to join senior editors from TheStreet and our special guest experts for a cocktail party and lively conversation about the outlook for the U.S. financial markets. Which companies and sectors are poised to profit? What shocks and opportunities await investors in the new year? Listen to and meet our panelists: Lew Altfest, CEO of Altfest Personal Wealth Management; Barry Ritholtz, founder of Ritholtz Wealth Management; and Larry Siegel, director of research at the CFA Institute Research Foundation, with moderator Robert Powell. This evening event is free and will be held at The Harvard Club of New York. Reservations are required. For more information or to RSVP, please email events@thestreet.com

Coming up in this episode of Mad Money: Cramer interviews Yuval Cohen, CEO of Corbus Pharmaceuticals (CRBP) , and the CFO he calls "the best in the business," Home Depot's (HD) Carol Tomé.

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