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) -- Stop trading off old

Federal Reserve

meeting minutes, Jim Cramer commanded

"Mad Money"

viewers Wednesday.

Cramer said what the Fed was thinking over a month ago has no lasting impact on today's markets. When today's selling subsides, the bulls will be back.

Bear markets come in all shapes and sizes, Cramer explained. Some are caused by rising inflation, some are self-induced and still others stem from markets abroad. But bull markets are all the same, with several factors in common.

First, every bull market must have its share of skeptics, as this one does. It must also have a compliant Federal Reserve, which we also have, with super-low interest rates and aggressive bond buying. Bull markets also need lowered expectations, ones that companies can easily beat. We've had many companies beating earnings and raising estimates this quarter.

Finally, Cramer said all bull markets need something new to like, which we saw today in natural gas, biotech and even the retail sector.

A bull market doesn't mean everything is going up all at once, however. Cramer said that as one sector heats up, another cools off -- which is why social media stocks are cooling since the


(TWTR) - Get Twitter, Inc. Report

IPO as others, such as 3D printing, are ailing.

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But the overall direction of the market is clearly higher, Cramer concluded, which is why investors should be ready once the Fed-induced sellers have moved on and the bulls return.

It's a Gift

Today's market weakness is a gift for investors looking to buy into stocks of companies that are executing well, said Cramer. He highlighted

Home Depot

(HD) - Get Home Depot, Inc. (HD) Report


Dick's Sporting Goods

(DKS) - Get Dick's Sporting Goods, Inc. Report


Best Buy

(BBY) - Get Best Buy Co., Inc. Report


Cramer said housing remains one of the areas of the economy on fire, and Home Depot's 8.2% rise in same-store sales proves it. Everything from kitchen and lighting to plumbing and tools are on the rise at Home Depot, and Cramer said that bodes well for

Fortune Brands Home Security

(FBHS) - Get Fortune Brands Home & Security, Inc. Report


Stanley Black & Decker

(SWK) - Get Stanley Black & Decker, Inc. Report


Lumber Liquidators

(LL) - Get Lumber Liquidators Holdings, Inc. Report

, as well as for


(CREE) - Get Cree, Inc. Report

, which Home Depot called out by name for its hot-selling LED light bulbs.

Dick's also saw strong sales, Cramer noted, which makes him want to look into both


(NKE) - Get NIKE, Inc. (NKE) Report


Under Armour

(UA) - Get Under Armour, Inc. Class C Report

, as both of those companies should also see strong sales.

Finally, there's Best Buy, which called out tablets as its hot item this quarter. Cramer said that's great news for


(AAPL) - Get Apple Inc. (AAPL) Report

, a stock he owns for his charitable trust,

Action Alerts PLUS. Apple has many naysayers, but even they can't deny that there will be a ton of Apple tablets under the Christmas tree this year.

The markets took many of these names lower today, Cramer concluded, and that's a gift that should be taken.

Executive Decision: Ben Baldanza

In the "Executive Decision" segment, Cramer spoke with Ben Baldanza, president and CEO of

Spirit Airlines

(SAVE) - Get Spirit Airlines, Inc. Report

, a stock up 52% since Cramer last checked in back in May.

Baldanza commented on his company's advertising by noting customers appreciate the pop culture humor, which helps to set the tone for Spirit's philosophy of great service at great prices. He said when asked what they want most from an airline, flyers overwhelmingly choose affordable fares, which is why Spirit was built with low fares in mind.

When asked about growth, Baldanza said there are currently over 500 markets that have the right mix of customers and pricing for Spirit to grow into, and the company will be closely watching the auctions for gates being sold by the

US Airways


merger. Spirit represents just 1.2% of the overall market, said Baldanza, so there is plenty of growth ahead.

Spirit is also focused on investor return, Baldanza noted. He said that right now, the best use of the company's cash is to grow its business, which it has been doing. But in the future, other returns for shareholders are certainly possible.

Cramer said that in addition to be the funniest airline, Spirit is also making the most money.

Lightning Round

In the Lightning Round, Cramer was bullish on

Horizon Pharma

(HZNP) - Get Horizon Therapeutics Public Limited Company Report


URS Corp




(FLR) - Get Fluor Corporation Report


F5 Networks

(FFIV) - Get F5 Networks, Inc. Report


Cimarex Energy

(XEC) - Get Cimarex Energy Co. Report


Plains All American Pipeline

(PAA) - Get Plains All American Pipeline, L.P. Report


Swift Transportation



United Parcel Service

(UPS) - Get United Parcel Service, Inc. Class B Report


Cramer was bearish on

Halcon Resources



Terra Nitrogen



Executive Decision: Steve Tanger

For his second "Executive Decision" segment, Cramer sat down with Steve Tanger, president and CEO of

Tanger Factory Outlets

(SKT) - Get Tanger Factory Outlet Centers, Inc. Report

, which operates 43 outlet centers that are currently operating at 98.7% occupancy rates. Shares of Tanger yield 2.7%.

Tanger said his outlet centers still have room to grow, thanks to tenants that are prospering and a low cost of occupancy rate that allows his company to gradually raise rents over time. While many of his centers are technically full, Tanger noted that every one has a waiting list. So if any tenants were to leave, there are others willing to pay even more to replace them.

When asked why a high-end brand would want to open an outlet store, Tanger said he has a 33-year history of working with the best brands, and there are many reasons why a retailer would want to open an outlet location. He said every store has excess inventory it wants to move and having an outlet store allows it to do so at 30% to 50% off retail prices. Those discounts allow retailers to expose their brands to new customers.

Turning to the upcoming holiday season, Tanger said he's optimistic. He said his tenants are excited and have a good assortment of merchandise ready to be bought.

Cramer said Tanger offers investors both yield and growth, and he remains a fan.

Off the Tape

In his "Off The Tape" segment, Cramer sat down with James Park, CEO of the privately held


, which makes wearable health and fitness trackers that connect to your smartphone and turn fitness into fun. While many have entered the wearable computing market, Fitbit was first to market in 2009.

Park said Fitbit is ushering in a new generation of health devices, one that wouldn't be possible with cloud services to host data. Fitbit was one of the pioneers in the space, he said, which gives it a strong leadership position. The company currently sells its products at over 30,000 locations around the globe.

Fitbit is also making inroads into corporate America, Park said, as 30 of the Fortune 500 companies have added Fitbit into their corporate wellness programs.

When asked about financing, Park said his company has raised $66 million in venture capital thus far, but is in no hurry for an initial public offering just yet. The company continues to grow and Park noted that Fitibit is hiring from sales to engineering and everything in between if anyone wants to join the fitness revolution.

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.

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.