The stock market on Tuesday was jam-packed with so many shocking upside earnings surprises that Jim Cramer was left astonished.
"It is important to remember that the magnitude and number of upside surprises versus downside letdowns can often determine the direction of the day," the "Mad Money" host said.
The best beat by far for Cramer was Burlington Stores, which had a history of blowing away the numbers and then raising its forecast, with analysts aggressively following along. However, this can be dangerous because eventually analysts will want to get ahead of the upside surprises to show the company isn't just trying to manufacture the surprise, Cramer said.
"The expectations were high, but when Burlington reported this morning, it was astonishing," Cramer said.
The only retailer that exceeds Burlington is Children's Place, Cramer said, which was up again for a third straight day.
Dollar Tree surprised as well, as it took estimates down only to beat them the next time it reported. Its last quarter was considered a disappointment, but it changed course when it reported an earnings beat with a 1.7 percent same-store sales increase, while Wall Street was only looking for 1.4 percent. The stock roared more than 8 percent on the news on Tuesday.