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Cramer Remix: A surprising outlook for earnings

With so much negativity surrounding earnings season, Jim Cramer refuses to feed into it. In fact, he is downright positive about what could be ahead for earnings.

"The action is dictating my attitude, the action that has so many stocks hitting new-highs in the last week alone, something that tends not to happen right before you fall off a cliff," the "Mad Money" host said.

One look at the companies that made the new-high list last week, and Cramer saw a common thread. The list included Estee Lauder,Kimberly-Clark, Coca-Cola, Church & Dwight, Altria, PepsiCo, Tyson, ConAgra, Constellation Brands, General Mills and McCormick.

What do all of these companies have in common? They take raw commodities and refine, package and sell them.

Some may think that these stocks could be indicative of a slowdown in the economy, but Cramer thinks that is an old fashioned way of looking at things. These companies have battled inflation for years and have raised prices consistently.

"I think what it says is these companies are about to have an explosion in gross margins and earnings that will be far better than people believe is possible. That is what this concentration of consumer packaged goods stocks on the new-high list is really saying," Cramer said.

With earnings season finally kicking off this week, Cramer wondered which CEOs will dare to shock investors with a confirmation that things are actually better than they were before.

Listening to the presidential candidates, it may be difficult to see that things are turning around.

"Things are better than last earnings period. I believe that...