Jim Cramer Is Watching for WhiteWave’s Earnings

TheStreet's Jim Cramer, Portfolio Manager of the Action Alerts PLUS Charitable Trust Portfolio, said investors ought to wait until after WhiteWave Foods (WWAV) reports quarterly results tomorrow before stepping in because of the stock’s recent sharp selloff. 'We think the long term outlook for plant-based foods is very strong and that’s why we hold it,' said Cramer. 'We also believe they are building a national and even an international footprint when it comes to plant-based foods over in Europe.' Wall Street is anticipating earnings of 34 cents per share on $1.04 billion in revenue for the 2015 fourth quarter. Last year, WhiteWave reported adjusted earnings of 27 cents per share on revenue of $911 million for the quarter ended December 31, 2014. WhiteWave is a holding of Cramer’s charitable trust, Action Alerts PLUS - - Get Cramer's top stocks with Action Alerts PLUS