Here Is Jim Cramer's Third Quarter Earnings Scorecard

What should investors expect from third quarter earnings? Jim Cramer weighs in.
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TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer shares his latest take on various stocks as third quarter earnings season heats up. "Lululemon Athletica (LULU) - Get Report I like long-term - I know this quarter is a challenged quarter," Cramer says, adding that he thinks Nike (NKE) - Get Report has been very challenged and that he thinks shares of Under Armour (UA) - Get Report  are at the right level to buy. Cramer also says that Union Pacific (UNP) - Get Report had a tough quarter. According to FactSet, third quarter earnings for S&P 500 companies are expected to decline 1.8% year over year.