(Story updated to add Cramer's Lightning Round picks, "Am I Diversified?" segment and concluding remarks.) NEW YORK ( TheStreet) -- Your eyes are not deceiving you: Economic activity is picking up. That's what Jim Cramer told his "Mad Money" TV show viewers Wednesday. Cramer said it's alright to buy into stocks, as long as investors follow some basic rules. Making money on companies that you know and love is not a new concept, Cramer told viewers. Before the financial panic made everyone skeptical of just about everything, that's how a lot of money was made, he recalled. So with long lines appearing again at establishments like Panera Bread ( PNRA), Starbucks ( SBUX) and Apple ( AAPL), which he also owns for his
Scrambling for GrowthIn the "Executive Decision" segment, Cramer spoke with Tim Main, president and CEO of Jabil Circuit ( JBL), which just delivered a one-cent-a-share earnings beat with stronger-than-expected revenues which rose 8%. Shares of Jabil are 37% higher since Cramer last spoke with Main this past September. Main once again painted a bullish picture for Jabil, saying that electronics makers that once relied on the U.S. and Europe for growth must now access global markets, and that's where Jabil provides the most amount of value. He said that Jabil is helping thousands of companies manage their supply chains and grow their businesses. When asked whether growth is slowing in the enterprise markets, Main said that with government spending falling from last year's levels, enterprise spending has also gotten "choppy." He said momentum should build as 2012 unfolds as Jabil still has solid customer satisfaction and strong margins. Another plus for Jabil has been customer diversification. Main said after the dot-com collapse, Jabil learned that diversifying its customer base was the only way to protect itself and its investors. That's why Jabil now provides components for not only consumer electronics but also health care, industrial and materials applications. Jabil is also seeing growth in its clean technology businesses, as more and more companies are looking to spend less on energy.
Gaining Market ShareWho benefits from the demise of mom-and-pop men's clothing stores and the consolidation in women's shoe business? According to Cramer, it's Men's Warehouse ( MW) and DSW ( DSW), two purveyors of luxury items at value prices. Cramer said that Men's Warehouse has been taking market share for years, expanding its reach from 16% of men's suits to 22% today along with nearly one-third of the tuxedo market. Using its massive scale as leverage with its suppliers, Men's Warehouse has also upped its game with buy one, get one offers that have been driving up same-store sales by 7%. The company is still expanding its 1049 store base in the low single digits as well as ramping up their ecommerce operations. Meanwhile in women's shoes, DSW is offering designer shoes at discount prices at all of its 328 locations. Cramer said DSW has a "winning formula" as it plans to open between 35 and 40 new locations in 2012. DSW last reported a stellar quarter with a three-cent-a-share earnings beat on strong revenue and a 5.6% increase in same store sales. Cramer said it's no wonder both of these great retailers are just off their 52-week highs.