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NEW YORK (
) -- "Three cheers for Ben Bernanke," Jim Cramer announced to the viewers of his
TV show Wednesday, as he offered praise for the Fed chairman, calling him the the only man in Washington who "gets it" that the stock market matters for a healthy economy.
Cramer said simply that Bernanke has created an environment where good things can happen, where new companies can come public and others can raise money to fix their balance sheets. He said Bernanke has created an environment where companies can expand and grow.
Cramer said in this environment, consumers feel more confident and spend more money, while their IRAs and 401Ks also do better. "Bernanke understands that stocks matter."
Thanks to Bernanke's help, stocks like
can invest in their businesses and reap the rewards, said Cramer, while others like
, two stocks which Cramer owns for his charitable trust,
Action Alerts PLUS, can also do well.
Cramer did acknowledge that gold and oil are at records highs, but he noted that these commodities are in short supply and their prices are not being caused by rampant inflation.
Cramer said he has nothing but respect for Bernanke and all that he's done to help the economy recover and stocks to bounce off their 2008 lows in spectacular fashion.
In the "Executive Decision" segment, Cramer spoke with Sally Smith, president and CEO of
Buffalo Wild Wings
, which is up 12% since Cramer last spoke with Smith on Feb. 11. The company operates 753 restaurants in 45 states and recently delivered an eight-cent-a-share earnings beat on same-store sales up 3.9%.
Smith said that after high chicken wing prices last year, prices have finally fallen dramatically and look great for the next few quarters. She said this is great news for Wild Wings, where chicken wings account for 20% of the menu. Smith said that falling prices combined with great operating excellence has created terrific earnings momentum.
When asked about growth, Smith said she's very excited when looking at the map. The company only operates 12 restaurants in California, a huge market, and only one restaurant in Philadelphia so far. With cities like Seattle and Boston still to go, Smith said there is plenty of room for growth.
Smith noted that even with an extended NFL football strike, Buffalo Wild Wings will still have great business, as other sports, including high school and middle school events, will pick up the slack.
Also on the plus side for the company is Wild Wings efforts to expand its draft beer selections from 20 to 24 choices per restaurant to 30 to 36 choices. Smith said this expansion will allow for more specialty and regional beers to hit the menu, all of which are high demand, high margin and high loyalty items.
Cramer said he continues to like the Buffalo Wild Wing supporter and would continue to buy the stock.
Big Dividend Increase
In a second "Executive Decision" segment, Cramer sat down with Steve Holmes, chairman and CEO of
, a stock that's up 51% since Cramer got behind the company in February, 2010.
When asked about Wyndham's stellar 25% increase in its dividend, Holmes explained that the company has pegged its dividend rate to its growth rate, so when the company grew by 25% this quarter, so did its dividend.
Holmes said all three of Wyndham's businesses are now growing, with its lodging segment being its fastest moving. Over the next five to six years, Holmes said he expects to see continued improvements.
Holmes also explained Wyndham's rental exchange business, where the company's 3.8 million members pay both a membership fee and a transaction fee to trade time-share properties in different locations. He said this business, while slower growing now, has great potential going forward.
Cramer called Wyndham a great story and continued to recommend the stock.
Holmes also commented on rival
decision to bring public its time-share business. He said this move will be great for Wyndham as it will call investors' attention to that business and the value it brings.
Am I Diverfsified?
Cramer talked with callers to see if their portfolios have what it takes. The first caller's portfolio included
Cramer said this portfolio was properly diversified.
The second caller's top holdings included
Carrizo Oil & Gas
Kinder Morgan Energy Partners
Cramer said this portfolio was also magnificent.
The third caller had
Healthcare Realty Trust
as their top five stocks.
Cramer said this portfolio too was properly diversified.
Cramer was bullish on
St Jude Medical
He was bearish on
Listen and Learn
In his "No Huddle Offense" segment, Cramer reminded viewers that they can't trade on headlines and need to think before pulling the trigger. Case in point, the earnings of
Cramer said that Panera shares flew up $1.50 a share on an upside surprise, but investors who listened to the conference call heard a different story, as the company is struggling with pricing and input costs. Shares of Panera were lower today.
In the case of Amazon, shares sold off sharply on a disappointing profits, but here too, Cramer said the conference call revealed a different story. Cramer said Amazon can't take over the world without spending heavily on its business, which is exactly what the company is doing.
"Stop, listen and learn," Cramer told viewers. Those who trade only on the headlines are often dead wrong.
--Written by Scott Rutt in Washington, D.C.
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At the time of publication, Cramer was long Cummins, Hess.
Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."
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