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NEW YORK (TheStreet) -- It's time to stop fretting over the Federal Reserve, Jim Cramer said on "Mad Money" Tuesday. The CEOs of our great American companies aren't worried and you shouldn't be either.

We received great news from no less than four great companies today: Boeing(BA) - Get Report, Honeywell(HON) - Get Report, 3M(MMM) - Get Report and Whole Foods Markets (WFM) , but this news was not enough to buoy the overall markets as they chose instead to focus only on the looming Fed announcement.

But make no mistake, the CEOs of Boeing, Honeywell, 3M and Whole Foods aren't glued to their seats waiting on the Fed. They're too busy making money for their shareholders.

Cramer said there's a cohort of investment wisdom that says the only smart way to make money is to invest in index funds. Why take the risk on individual stocks when you can invest in the overall market and take on less risk to make a little less money, they argue. But this method is lazy, said Cramer, and ignores that fact that some companies have excellent management with terrific long-term themes that will trounce the averages every time.

Boeing is benefiting from the need for more fuel-efficient planes while 3M is pursuing relentless innovation. Honeywell is also innovating with new products for autos, planes and refiners while Whole Foods is dominating the healthy and organic food movement. It's these long-term trends, coupled with flawless execution by management, that has allowed these companies to over-perform the averages this year, said Cramer. None of them were overly hard to spot.

Cramer said investors shouldn't get overwhelmed by the market worries and the Fed-speak and most certainly shouldn't sell their stocks for other asset classes. Do a little work, ignore the naysayers and use the market weakness to pick up some of these great stocks at a discount.

More Stocking Stuffers

For the second installment of his "Stocking Stuffers" series, Cramer added a tech stock and a bank to his "nice list" with Google(GOOG) - Get Report and Bank of America(BAC) - Get Report, two stocks he owns for his charitable trust, Action Alerts PLUS.

Google is the safer, less expensive way to play the surge towards everything social, mobile and the cloud, said Cramer, and there's no denying that Google is the king of online and mobile advertising. And with that ad spending on the rise, it's no wonder Google's gross profits were up 18% in its most recent quarter.

Google also has over $53 billion, or $167 a share, in cash on its books for acquisitions and other exciting growth opportunities. Yet, for all its positives, shares trade for just 20 times earnings despite a 16% growth rate. Cramer compared that to Facebook(FB) - Get Report, which trades at 48 times earnings with only a 30% growth rate.

Then there's Bank of America, the bank that's slowly emerging from its legal woes and is most certainly a better stock now than it was just a few years ago. Cramer said the banks are one of the few sectors that benefits big from rising interest rates. With exposure to consumer and commercial lending as well as construction spending and wealth management, there's a lot to like with this stock that trades at just 1.1 times its tangible book value. As a comparison, Wells Fargo(WFC) - Get Report trades at 1.9 times its book value.

Either of these stocks will look great under the tree this year and will be a gift that keeps giving for years to come, said Cramer,.

Executive Decision: John Mackey and Walter Robb

For his "Executive Decision" segment, Cramer went on location in Brooklyn, N.Y., and sat down with John Mackey and Walter Robb, co-CEOs of Whole Foods, a stock that's up a staggering 1,000% over the past five years. Whole Foods currently has 347 locations in the U.S.

There are still a lot of exciting opportunities ahead for Whole Foods, the CEOs said, both in existing markets and in new ones. They touted their new Brooklyn location as one such opportunity, transforming an entire community with a store that includes a 20,000-square-foot greenhouse on its roof.

When asked about the location -- 3rd Street and 3rd Avenue in the Gowanus neighborhood -- the CEOs noted that Brooklyn is a dynamic and evolving area and Whole Foods brings a new energy to that particular community. They noted that while the store itself generates over 450 jobs, with nearly two-thirds of those filled by local residents, over the next decade the area surrounding the store will also likely see a significant transformation for the better.

Whole Foods is all about working with quality people that produce quality products, said the duo, which is why the company pays well above the minimum wage and has a significantly lower employee turnover. There's a misconception that if employees win other stakeholders must lose, but that's simply not the case, they said. By treating employees well, all stakeholders reap the rewards.

More on Whole Foods

Continuing his interview with John Mackey and Walter Robb, Cramer asked about the connection between healthy eating and a healthy lifestyle. With nearly 69% of all Americans now overweight, there's a revolution afoot, towards not only eating better but also living better, said the CEOs. A big part of our country's health care crisis is the fact that most of us are not healthy.

Turning to the issue of growth, Whole Foods recently revised its plans, announcing its intention to open 1,200 locations in the U.S., up from previous plans for just 1,000 locations. That's a sign the market is continuing to grow, the CEOs noted, a trend that bodes well for Whole Foods.

Is Whole Foods afraid of increased competition? Not according to Mackey and Robb. They said other stores just don't have the standards nor the culture that Whole Foods possess and the more places that aim to copy their model, the quicker they will innovate and evolve to stay one step ahead. Their Brooklyn greenhouse atop the store is one such example, they said.

Finally, when about the state of capitalism in America, Mackey noted that America seems to be moving away from capitalism and is losing its economic freedoms. He said that big business is often vilified and people just don't trust businesses. Capitalism has a lot of positive things to say, Mackey said, but that story is rarely told.

Lightning Round

In the Lightning Round, Cramer was bullish on Valero Energy(VLO) - Get Report, Hawaiian Electric(HE) - Get Report, Veeva Systems(VEEV) - Get Report, Emerson Electric(EMR) - Get Report and Lockheed Martin(LMT) - Get Report.

Cramer was bearish on General Dynamics(GD) - Get Report.

No Huddle Offense

In his "No Huddle Offense" segment, Cramer opined on whether the selling in stocks such as Kimberly-Clark(KMB) - Get Report, General Mills(GIS) - Get Report and Clorox(CLX) - Get Report is just a phase or the real deal.

Cramer said these cyclical stocks have been in a world of pain of late, slowly and steadily declining as the expectations of higher interest rates abound. But while these stocks may be terrible trades at the moment, they're still terrific investments, Cramer said. These are long-term stocks, he reminded viewers, and not ones that should be traded over the short term.

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

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

To email Scott about this article, click here: Scott Rutt

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At the time of publication, Cramer's Action Alerts PLUS had a position in BAC, EMR GOOG and HON.

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."

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