Jim Cramer Highlights DuPont And P&G's Impressive Earnings Reports

During Tuesday's segment of "Squawk Box," Cramer singled out E I Du Pont De Nemours And Co DD's "tremendous turn" and Procter & Gamble Co PG's "fabulous" growth.

Cramer stated both offered encouraging earnings reports, including strong organic growth at a time when many other companies are disappointing the Street.

Cramer continued that Du Pont and P&G are examples of solid quarters from "old-line companies with very energized managements."

Related Link: Procter & Gamble Grows Bottom Line By 5% In Q1

DuPont's stock was trading slightly lower by 0.86 percent late Tuesday morning, but P&G's stock gained more than 4 percent.

By comparison, shares of Under Armour Inc UA lost more than 13 percent after the company cautioned about un-planned investments to maintain its now reduced growth forecast from 22 percent to 20 percent.

"Certainly don't want to hear that — unplanned investments," Cramer said. "We want planned investments."

Cramer also suggested that General Motors Company GM's selloff is overblown, but part of the selloff could be attributed to profit taking, as the stock has outperformed its rival Ford Motor Company F.

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