Jim Cramer's 'Mad Money' Recap: Don't Blame the Companies

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NEW YORK (TheStreet) -- There's plenty wrong with this market, Jim Cramer said on Mad Money Wednesday, but don't blame the companies -- they're part of the solution, not the problem.

Cramer said he's tired of hearing how earnings have been "tepid" and revenue have been "light." From  Alcoa to those earnings released Wednesday there have been very few cases of companies performing poorly. Even Coca-Cola and Johnson & Johnson , a stock Cramer owns for his charitable trust, Action Alerts PLUS, were able to surprise to the upside this quarter.

Yes, JPMorgan Chase , another Action Alerts PLUS holding, did deliver a horrible quarter, but others in the financial sector such as Wells Fargo were fantastic, Cramer said.

Cramer said he'd be a buyer of railroad CSX and of Google , two more Action Alerts PLUS stalwarts, having now seen those companies' rising earnings.

Cramer said investors need to acknowledge a positive change when they see one. Things are improving here in the U.S., he concluded, and this quarter's earnings are proving it.

Value for Your Portfolio

Value always has a place in every portfolio, Cramer told viewers, and in today's market value can be found in a stock like Coca-Cola.

Cramer said with a challenging environment here in the U.S., Coke decided to invest where the growth is, turning in spectacular results in Brazil, Russia, India and China. The company said it still has a lot more to do in these areas, meaning there's a lot more growth ahead.

Coke is also innovating, Cramer explained, as he showed off one of the company's new aluminum bottles -- it's not only eye-catching but exclusive to Coke.

Cramer also praised Coca-Cola for its efforts to reward shareholders. The company has raised its dividend for 50 consecutive years, most recently with a 9% dividend boost. Earlier this year, Coke also struck a deal with Green Mountain Coffee Roasters , which should also begin rewarding shareholders soon.

Cramer said he's not crazy about Coke's stock at current levels but would be a buyer on weakness.