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) -- The pattern worked again, Jim Cramer told

"Mad Money"

viewers Wednesday as the markets sold off on the latest words from the

Federal Reserve


Cramer said the markets have been following a predictable pattern around the last few Fed meetings. It goes something like this:

In the days leading up to a Fed meeting, the markets tend to rally as they presume the economy is too weak to stand on its own and the Fed will continue its bond-buying programs to keep interest rates low.

Why does the Fed want rates low? Because that gives companies incentives to expand and hire more workers. It ignites the housing market with low interest rates. It helps companies refinance their debt to free up more cash for buybacks and dividend boosts. All of these things are good for stocks, and the market is happy to embrace a friendly Federal Reserve.

But then the day of the Fed meeting arrives and investors hear, as if for the first time, that the economy is weak and the Fed has no choice but to keep buying bonds to keep things afloat. This "news" brings in waves of sellers, sending the market sharply lower -- as it did today.

However, in the days after a Fed meeting, the pattern continues. Cooler heads prevail, realizing the Fed is once again our friend and -- oh, look! -- stocks just got a whole lot cheaper. Thus, the buying begins once again.

Cramer still thinks now is a good time to lock in profits so investors can be ready for when the next rally is ready to begin.

Executive Decision: David Wenner

In his "Executive Decision" segment, Cramer sat down with David Wenner, president and CEO of

B&G Foods

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TheStreet Recommends


, the food stock that's up 212%, including reinvested dividends, since Cramer first recommended it nearly three years ago.

Wenner said the grocery business is always a challenging one and B&G is always adapting its products and strategies to changing eating habits and the competitive landscape. Normally, B&G provides steady performance, he noted, although a little less so this quarter.

B&G Foods is adapting, however, and Wenner said snack foods will account for 25% of sale next year and he sees growth overall stemming from organic growth as well as additional acquisitions.

Among some of the challenges this quarter were prices cuts and promotional activities among the competitors of B&G Ortega brand of Mexican foods. Wenner said that Ortega is a strong brand, and its rivals are making a big play in order to regain lost market share and shelf space.

In other areas, however, B&G is performing well with new packaging and displays and new flavors and brand extensions for its many household brands. Wenner said, overall, B&G continues to take shelf space from the other guys.

Cramer told viewers that he feels better after talking to Wenner and he'd continue to be a buyer of the stock.

Executive Decision: Sally Smith

For his second "Executive Decision" segment, Cramer spoke with Sally Smith, president and CEO of

Buffalo Wild Wings


, the sports-themed restaurant chain that just beat earnings expectations by 10 cents a share, sending shares up 9% in today's trading. Shares of Wild Wings are up 167% since Cramer first got behind the company in February 2011.

Smith said Wild Wings had an outstanding quarter and her company's decision to move to selling wings by the pound rather than by the piece has resonated very well with customers who are finding a more consistent experience. She said that Wild Wings is seeing no threat from



wing offering, but Wild Wings' new craft beer offering is doing exceptionally well, already making it one of the top five beers the restaurant sells.

Smith also reiterated how good sports matchups affect Wild Wings' business. She said it matters less what days the games occur and more on great matchups -- and close games with extra innings or overtime. The fantasy football movement has also benefited the chain, which has hosted countless fantasy parties.

Finally, as to whether the company is opening enough locations, Smith said it's just as important to increase sales at existing locations as it is to open new ones. Wild Wings is set to open 95 new locations in 2014 while continuing to grow the same-store sales at existing ones.

Cramer said he's still a huge fan of this regional to national growth story.

Lightning Round

In the Lightning Round, Cramer was bullish on

Anheuser-Busch InBev



Horizon Pharma



Avanir Pharmaceuticals






Baker Hughes






Ensco International



Cramer was bearish on

Mellanox Technologies






Executive Decision: Nick Akins

In his third "Executive Decision" segment, Cramer spoke with Nick Akins, president and CEO of

American Electric Power


, the utility that delivered a two-cents-a-share earnings beat while raising the low end of guidance.

Akins described the utility market as a mixed bag at the moment, with some portions of AEP's residential and commercial business doing well while other portions of industrial customers are doing poorly. He also called out continuing energy efficiency initiatives as playing a role in his company's plans to optimize its capital and overall business.

When asked how regulations continue to affect the utility business, Akins noted that AEP is continuing its transition away from coal and towards natural gas and alternative sources, as well as focusing its efforts on transmission and resiliency and less on power generation. Akins reminded viewers that in many cases state regulatory agencies determine the how much energy AEP can generate and the prices it can charge.

Cramer said that every portfolio needs to be diversified and needs a good, safe utility stock with a great yield such as American Electric Power.

No Huddle Offense

In his "No Huddle Offense" segment, Cramer said he's not sure who to blame for the Obamacare Web site disaster, but one thing is for sure -- he wouldn't have given the contract to a Canadian firm.

Cramer said the Obamacare Web site shouldn't have been an IT initiative at all, it should have been an opportunity for American companies to shine. He said


knows a thing or two about customer relationship management, and



knows a little something about finding what you're searching for.



, a stock Cramer owns for his charitable trust,

Action Alerts PLUS, could have built elegant apps for Obamacare and


could've delivered everything to the White House with free shipping.

Instead, a non-U.S. firm was tasked for Obamacare and, apparently, not even a good one. Cramer said there are great Americans at the helm of



and other offshore firms... all of which would've been a far better choice for how America talks to its citizens about their health care.

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


To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here.

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

To email Scott about this article, click here:

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

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.