Cramer: Growth stories called into question?

Two so-called growth companies are getting a lot of attention after earnings spooked investors. But Cramer says don't paint both stocks with the same brush.

The first is Qualcomm, a maker of semiconductor chips and technology.

In its , Qualcomm said that fiscal 2014 revenue would range from $27.5 billion to $26 billion, on the low end of analysts expectations of $27.5 billion.

"That was jarring to hear," Cramer noted. "Qualcomm has shown pretty consistent revenue growth."

Cramer found the outlook particularly curious because Qualcomm's components are used in smartphones made by Apple and Samsung. Both the iPhone and Galaxy are growing in popularity all over the globe: theoretically, growth should have accelerated.

"Now make no mistake, I think it's a great company," said Cramer. "It has returned capital to shareholders in the form of buybacks and dividends to the tune of $6.7 billion."

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Nonetheless Cramer can't help but wonder; 'why can't these guys guide better?'

"I have not been a fan of this company because I actually find the firm maddeningly inconsistent. I simply don't trust it."

Therefore the Mad Money host believes there are better places to put money to work than Qualcomm. Move on.

Cramer, however, feels very differently about Whole Foods, a natural and organic food market.

Again, earnings called growth into question; in this case same store sales decelerated to 5.9 percent, the slowest pace of the year.

Also, Whole Foods lowered its same-store sales growth for fiscal 2014 by 1 percentage point on both ends of the range to an increase of 5.5 percent to 7 percent.

However, Cramer says despite the slower growth, Whole Foods is a keeper.

"This is a 'no excuse company," Cramer explained.

The Mad Money host believes in the management and expects leadership to aggressively get back to the business of growing. And with the healthy eating theme accelerating, Cramer thinks Whole Foods has the wind at its back. (Read More: Youthful trend to drive Whole Foods)

Unfortunately, that doesn't mean the stock won't take a hit, in the near-term.

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Because of competition from Kroger, Fairway and others, Cramer says, "Whole Foods will likely remain in the penalty box for some time."

But not forever.

Therefore, he says, "Wait for half of the gain from the last quarter to be wiped out. At that point, opportunity will beckon."

Call Cramer: 1-800-743-CNBC

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