Jim Cramer explains how to judge this earnings season: 'Not as bad as feared'

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If stocks drop after the September nonfarm payroll report is released, here are some stocks investors can play, says Jim Cramer.

"When the Labor department releases its big employment number tomorrow, I bet there will be some sellers ... that's the perfect moment to pick up some of these NABAF names," CNBC's Jim Cramer says.

"Yesterday, Wall Street was concerned that PepsiCo would fail to deliver better-than-expected numbers," but the "results were not as bad as feared," he says.

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What’s his current prediction on Bear Stears?

OooooooooKay there.

Also known as better than expected.

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