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) -- Ben Bernanke can only do so much, Jim Cramer told his

"Mad Money"

viewers Wednesday after the market's mixed reaction to the Federal Reserve chairman's latest remarks.

But while the market may be selling off on the news after running up ahead of that news, Cramer said the Fed chair's comments do have a silver lining.

Cramer likened the U.S. economy to a good old-fashioned BBQ. He said the coals are getting warm but the wind keeps of Europe keep blowing them out. Bernanke only has one weapon, low interest rates, the equivalent of lighter fluid, to help light them up again, noted Cramer.

So while many were hoping to see Bernanke throw high-octane gasoline on the grill, Cramer said the Fed's measured approach of keeping interest rates near zero does have some advantages. He said high-yielding dividend stocks are always in competition with Treasuries, which often offer similar yield with no risk. But with interest rates expected to remain near zero for at least the next few years, that leaves dividend stocks as the only game in town.

That's why when

Procter & Gamble

(PG) - Get Procter & Gamble Company Report

pre-announced to the downside, the stock only responded slightly, said Cramer, because the stock was protected by P&G's 3.7% dividend yield. The same applies to



, a stock that got hammered Wednesday on news it's buying into a drugstore chain in Britain but seems to find a floor as shares yielded 3.8%.

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The Fed may only be able to stimulate the economy so much, Cramer concluded, but thanks to low interest rates, dividend stocks will remain the best place to get yield for years to come.

Trimming Tech Positions

It's time to take profits in technology stocks and trim your positions, Cramer told viewers. That is, in tech stocks other than


(AAPL) - Get Apple Inc. Report

, a stock which Cramer owns for his charitable trust,

Action Alerts PLUS.

Cramer said while the interim news for stocks like


(ORCL) - Get Oracle Corporation Report



(MSFT) - Get Microsoft Corporation Report

may be good, the prospects for these names going into the second half of the year are dicey. That's why it's better to lock in profits now ahead of any perceived or actual weakness.

So why not sell out of Apple? Because Apple is a second-half-of-the-year story with the planned introduction of the next iPhone as well as strong tablet and PC sales. There are even rumors of an Apple-powered television. Cramer said it's better to take some short-term pain in Apple in order to get the longer-term gains in the second half of the year.

But for the rest of tech, Cramer said any short-term pain may lead to longer-tern pain, so it's best to protect yourself now.

Executive Decision

In the "Executive Decision" segment, Cramer sat down with Bill Maloney,




vice president of development and production in North America. Statoil is one of the largest off-shore oil drillers in the world and has recently made acquisitions that give it exposure to the red-hot American oil shale fields. Shares of Statoil yield 4.4%.

Maloney said that after years of building up skills and expertise drilling off the coast of Norway, which includes some of the deepest and most hazardous waters, Statoil went looking for places of opportunity to match its strengths. That place turned out to be North America, and the company began expanding in the Gulf of Mexico in 2004, the Marcellus shale in 2008, Eagle Ford in 2009 and, this year, the Bakken.

When asked about the recent decline in the price of oil, Maloney said that the oil business is a long-term business, and as such he's not worried about short-term declines. The same applies to U.S. natural gas, a terrific fuel that has tremendous potential, he said. But while prices are low Statoil is diverting resources elsewhere.

Asked where the most exciting areas in North America are, Maloney called the opportunities in the Bakken shale region of North Dakota "mind-numbingly huge."

Cramer remained bullish on Statoil, calling it a great company with great yield and great growth.

Lightning Round

Here's what Cramer had to say about callers' stocks during the "Lightning Round":

Ross Stores

(ROST) - Get Ross Stores, Inc. Report

: "When Ross Stores goes down I want to be a buyer, not a seller."

Cisco Systems

(CSCO) - Get Cisco Systems, Inc. Report

: "I was on the fence on Cisco but I listened to

the conference call of

Jabil Circuit

(JBL) - Get Jabil Inc. Report

and I think Cisco is doing better. I want to own it at $17.50."



: "I've been a huge backer of this company. I think it's a great speculative investment."

Hershey Foods

(HSY) - Get Hershey Company Report

: "I think that the price of chocolate is coming down and Hershey has become a go-to name on weakness. I also like


(MKC) - Get McCormick & Company, Incorporated Report


Suncor Energy

(SU) - Get Suncor Energy Inc. Report

: "I'm going to say hold but don't sell. That's not one of my favorites. I like


(COP) - Get ConocoPhillips Report

or Statoil.


(FCX) - Get Freeport-McMoRan, Inc. Report

: "Any time that yield hits 4% you're going to hear me say to pull the trigger and buy."

Digital Domain Media

( DDMG): "That is OK for young investors. It's certainly not a blue-chip company."

SandRidge Energy

(SD) - Get SandRidge Energy, Inc. Report

: "This one is built on the idea that oil is going higher, not lower. It's hard to own right here but I wouldn't sell it."

Am I Diversified?

In the "Am I Diversified" segment, Cramer spoke with callers and responded to tweets sent via Twitter to


to see if investors' portfolios have what it takes for today's markets.

The first portfolio included:

B&G Foods

(BGS) - Get B&G Foods, Inc. Report



(PRGO) - Get Perrigo Co. Plc Report


Spectra Energy Partners



TAL Internationall

(TAL) - Get TAL Education Group Report


Brookfield Infrastructure

(BIP) - Get Brookfield Infrastructure Partners L.P. Report


"Bingo," Cramer said. This portfolio is perfectly diversified.

The second portfolio's top holdings included:


(CAT) - Get Caterpillar Inc. Report


Chesapeake Energy

(CHK) - Get Chesapeake Energy Corporation Report


Cliff's Natural Resources

(CLF) - Get Cleveland-Cliffs Inc Report



(AA) - Get Alcoa Corporation Report


Magna Int'l

(MGA) - Get Magna International Inc. Report


Cramer suggested selling Cliff's Natural in favor of adding a health-care stock like

Eli Lily

(LLY) - Get Eli Lilly and Company Report


The third portfolio had:

American Capital Agency

(AGNC) - Get AGNC Investment Corp. Report



(ED) - Get Consolidated Edison, Inc. Report


MarkWest Energy



National Oilwell Varco

(NOV) - Get NOV Inc. Report


Westport Innovations

(WPRT) - Get Westport Fuel Systems, Inc. Report

as its top five stocks.

Cramer said this portfolio passed the test as long as MarkWest was considered as a master limited partnership.

The fourth portfolio's top stocks were:


(SHW) - Get Sherwin-Williams Company Report



(CLX) - Get Clorox Company Report


Berkshire Hathaway

(BRK.B) - Get Berkshire Hathaway Inc. Class B Report



(BF.A) - Get Brown-Forman Corporation Class A Report


Spectra Energy

(SE) - Get Sea Ltd. (Singapore) Report


Cramer was also bullish on this portfolio for being diversified.

Mad Mail

In the "Mad Mail" viewer feedback segment, Cramer followed up on

Smart Balance

( SMBL), a stock that stumped him in an earlier show. He said this healthy-food company would be a buy on any weakness.

Cramer was less bullish on


(SFLY) - Get Shutterfly, Inc. Report

, a stock he called too rich and too risky selling at 58 times next year's earnings. He was equally bearish on

Allscripts Healthcare Solutions

(MDRX) - Get Allscripts Healthcare Solutions, Inc. Report

, telling viewers they must wait two quarters after the company's horrible performance this quarter.

When asked about teen apparel stocks, Cramer said that

Abercrombie & Fitch

(ANF) - Get Abercrombie & Fitch Co. Class A Report





American Eagle Outfitters

(AEO) - Get American Eagle Outfitters, Inc. Report

are nothing but guesswork and cannot be owned. He prefers


(WMT) - Get Walmart Inc. Report


Gap Stores

(GPS) - Get Gap, Inc. Report


Cramer was bullish on

Buffalo Wild Wings


following falling chicken prices, but turned sour on


(HPQ) - Get HP Inc. Report

, even with strong insider buying. He was also negative on

Exact Target

(ET) - Get Energy Transfer, L.P. Report

, which he said is in a tough business.

--Written by Scott Rutt in Washington, D.C.

To contact the writer of this article, click here:

Scott Rutt


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To watch replays of Cramer's video segments, visit the Mad Money page on CNBC


At the time of publication, Cramer's Action Alerts PLUS had a position in AAPL.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for, Inc., and CNBC, and a director and co-founder of All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of 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, 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 is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.