Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.
NEW YORK (TheStreet) -- Let's give credit where credit is due, Jim Cramer said on "Mad Money" Wednesday. While some investors credit the market's rally to Federal Reserve Chairman Ben Bernanke or a global economy that's on the mend, the real heroes of this market are great CEOs.
This quarter more than any other, investors have been able to see how great CEOs respond to changing market conditions and lead their companies to greatness, said Cramer.
Case in point: Whole Foods Markets (WFM) . Cramer said this stock was largely felt to have passed its prime last year and lost its way with customers. But did the company listen? Not a chance.
Whole Foods has been hard at work adjusting to changes and accelerating its store growth, allowing it to post unbelievable numbers today. He said Whole Foods could open four times as many stores as it has now and still not have enough to serve its rabid fan base. Whole Food is a buy, Cramer concluded, even after its 10% pop in today's trading.
Then there's Walt Disney(DIS) - Get Report, another stock that was written off and left for dead last year. Cramer said this company remains intensively competitive and was able to surprise shareholders with remarkable earnings that included growth in multiple categories.
Another winner, EOG Resources(EOG) - Get Report, appeared on "Mad Money" just last night, said Cramer. There, too, a visionary CEO is leading his company into a far more profitable future than anyone thought possible.
Cramer said that all of these companies are buy, buy, buys.
This is what a rally looks like when Washington gets itself off the front page, Cramer told viewers as he opined on the continuing budgetary issues facing our nation.
Cramer said many of our country's issues remain but, now that we're not heading towards another immediate crisis, confidence has once again returned to the markets and rising stock prices have been the result. He said investors need to remember what the markets looked like just a few months ago, when the markets fell on every press conference given by President Obama or anyone in Congress.
In the end, Obama got what he wanted, said Cramer: increased tax receipts, and it's those receipts that are helping the U.S. Treasury slog forward until at least the end of this year. Until then, be thankful for the market rally.
Executive Decision: Dan Fulton
In the "Executive Decision" segment, Cramer sat down with Dan Fulton, president and CEO of Weyerhaeuser(WY) - Get Report, a stock Cramer owns for his charitable trust, Action Alerts PLUS. Shares of Weyerhaeuser are up 107% since Cramer first got behind the company in July 2010.
Fulton said Weyerhaeuser will be a major benefactor from the rebound in the U.S. housing market because the company not only owns millions of acres of timberlands but also produces lumber and building products and is a home builder. He said the pickup in home construction in California is especially welcome news for the company.
In addition to new home construction, Fulton also cited the repair and remodelling market as strong for Weyerhaeuser, as is construction overseas including Japan, China and Korea -- all big markets for the company.
When asked about the price of the materials it sells, Fulton explained the pulp prices are firming after a period of weakness, but pricing for lumber remains high as a lot of capacity left the market during the downturn. He said some of that supply is starting to come back on line but the supply of lumber remains tight in some markets.
Cramer said he likes what Weyerhaeuser has to say and predicts a multi-year move higher for the stock.
In the Lightning Round, Cramer was bullish on Halcon Resources (HK) , Hertz Global Holdings(HTZ) - Get Report, Avis Budget Group(CAR) - Get Report, Whiting Petroleum(WLL) - Get Report, Plains All American Pipeline(PAA) - Get Report, Raytheon(RTN) - Get Report, Lockheed Martin(LMT) - Get Report, Williams Companies(WMB) - Get Report, Express(EXPR) - Get Report and US Airways Group (LCC) .
Cramer was bearish on Dole Food (DOLE) .
Executive Decision: Craig Bernfield
In his second "Executive Decision" segment, Cramer sat down with Craig Bernfield, chairman and CEO of Aviv REIT (AVIV) , a newly minted REIT that came public back in March. Aviv REIT specializes in owning nursing homes and acute-care facilities for the elderly.
Bernfield noted that his company's initial dividend has been set at $1.44 annually, which translated to a 7.5% yield at the IPO price and translates into a 5% yield today. He said the nursing home industry remains very fragmented, leaving lots of opportunities for growth in the future.
When asked about some of the headlines warning of only an 80% occupancy rate, Bernfield explained that 100% of Aviv's properties have tenants, but those tenants are running at 80% occupancy, a statistic that doesn't affect the company directly. He said, on average, Aviv tenants are earning 1.6 times their rent, making them stable investments.
Cramer said Aviv is shaping up to be another great dividend-paying stock and investors should look into the company.
Am I Diversified?
In the "Am I Diversified?" segment, Cramer spoke with callers and responded to tweets sent via Twitter to @JimCramer to see if investors' portfolios have what it takes for today's markets.
Cramer said this portfolio was perfectly diversified.
Cramer said this portfolio was not diversified with Hershey and General Mills and needed to add an industrial and a retailer to round out its exposure.
Cramer advised selling McCormick and adding a health care stock in order to properly diversify this portfolio.
To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.
-- Written by Scott Rutt in Washington, D.C.
To email Scott about this article, click here: Scott Rutt
At the time of publication, Cramer's Action Alerts PLUS had a position in IBM, KMP and WY.
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."
None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com 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 TheStreet.com, 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 TheStreet.com. 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 TheStreet.com, 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.