Cramer says some stocks tied to global growth should not be sold, despite the rotation in the market. This is one of them.
It's International Paper.
The company makes all kinds of products ranging from Hammermill printer paper to cardboard boxes of all shapes and sizes.
Because Corporate America needs more paper and boxes when business is booming, "The industry is as cyclical as cyclical can be, yet on Thursday morning International Paper reported a really solid quarter, which says to me everything at the company is just fine," Cramer noted.
Looking at the numbers, excluding a pension charge and other one-time items, the company earned $1.05 per share beat Street expectations of 93 cents per share, according to Thomson Reuters I/B/E/S.
Also, for the third quarter, the company posted net income of $382 million, or 85 cents per share, compared with $237 million, or 54 cents per share, in the year-ago period.