Jim Cramer: Focus on Earnings More Than China

The China overhang on the market hasn't gone away, but with earnings season in full swing Jim Cramer explained why investors should be focusing on earnings.

Last night Lam Research (LRCX) - Get Report , PayPal (PYPL) - Get Report , and Tesla (TSLA) - Get Report , all reported strong earnings and all of them were helped by positive news on their expansion into China.

It's why in Cramer's Real Money column this morning he explained that when it comes to China investors have to focus on the individual company:

"We are discovering that there are some real winners in China, American companies that have, somehow worked their way into the heart of Chinese commerce even as the gates to China seem to close more quickly every day."

Watch the video above to see what else Cramer had to say about earnings and China.