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NEW YORK ( TheStreet) -- Buying stocks just because they have big dividends is over, Jim Cramer told his "Mad Money" TV show viewers Wednesday after the market reacted to the latest musings from the Federal Reserve.

Cramer said what will work best from here on out will be those companies that do better as the economy does better.

It may seem confusing that the markets now view the Fed's bond-buying program as a bad thing after rallying on the same news for the past four years. But that is what's happening, he said. The markets have lost faith that the Fed's artificially low interest rates will be enough to slow a growing economy.

Even today, as the Fed pledged to keep rates low, those same rates inched still higher. That means housing-related stocks and those with big dividends will be among the biggest losers, as they now once again have competition from bonds, which offer less risk than stocks, said Cramer.

On the flip side, Cramer said stocks that grow as the economy grows -- stocks such as the industrials, the banks and tech -- will be the places to invest as it's now clear the economy is moving forward, with or without Fed intervention. Big dividends can't offer enough protection anymore, Cramer concluded, so investors need to change their investment strategy starting tomorrow.

Executive Decision: Neil Cole

In the "Executive Decision" segment, Cramer sat down with Neil Cole, chairman, president and CEO of Iconix Brands ( ICON - Get Report), purveyors of 33 well-known brands such as Joe Boxer, Umbro and Peanuts. Shares of Iconix are up 35% so far in 2013.

Cole said that some of Iconix brands are known worldwide and have been around for over 100 years. He said Iconix has been able to acquire these brands and now makes royalties from the products that leverage them.

When asked how the company was able to acquire a brand like London Fog, Cole explained that in that case, Iconix was able to buy it out of bankruptcy and already had $40 million in licensing deals ready to go before the company even took ownership of the brand. Other brands, like Umbro, were doing well but languished as part of larger companies. Cole said Umbro had 800 employees but under Iconix' model it now only has 20, with the manufacturers taking on most of the risk.

Cole said he expects Iconix to grow between 20% and 25% this year, and there are still many brands out there for his company to acquire with the money they've already raised. Nearly one-third of the company's growth currently stems from outside the U.S., he said, and countries such as Brazil, India and China offer huge opportunities for growth.

Executive Decision: Gary Friedman

In his second "Executive Decision" segment, Cramer sat down with Gary Friedman, curator, and Carlos Alberini, CEO, of Restoration Hardware ( RH - Get Report), a high-end home products retailer that's seen its shares soar 127% since its IPO just last November.

Alberini said that Restoration Hardware has been going through a remarkable transformation in recent years, redefining everything from its in-store experience to its product assortment. Friedman followed by saying the company doesn't play by the rules and has been leading the industry in many non-conventional retail tactics, such as its 1,600-page product catalog.

Friedman characterized Restoration Hardware as a home store for the luxury consumer, one that differentiates itself in the market place by focusing on quality and assortment and not on price. Alberini said the strategy has been working extremely well, but he doesn't plan on delivering 41% same-store sales growth going forward.

Cramer said the more he learns about this aspirational retailer, the more he's loving the company's' concept as well as its prospects for growth.

Lightning Round

In the Lightning Round, Cramer was bullish on AptarGroup ( ATR - Get Report), Celldex Therapeutics ( CLDX - Get Report), MasterCard ( MA - Get Report) and Regions Financial ( RF - Get Report).

Cramer was bearish on Toll Brothers ( TOL - Get Report) and Peabody Energy ( BTU - Get Report).

Manipulating the Data

In a special interview, Cramer sat down with CNBC's Eamon Javers, who last week broke a story about some high-frequency traders paying for advance access to consumer confidence numbers a full two seconds before their official release.

Cramer said he's warned investors about the dangers of high-frequency trading for years and this most recent story illustrates how the market is becoming increasingly unfair for the average investor.

Javers said that as far as he can tell, nothing illegal is being done with the consumer confidence numbers, as the University of Michigan study is stated as being a "tiered release" to the public. However, it certainly appears to be grossly unfair as high-frequency traders can move market substantially in the two-second head start they're being given.

Is the consumer confidence survey the only one being manipulated? Javers thinks not. He noted the weekly natural gas inventories offered by the Department of Energy as well as other data all show unusual trading just before their release. He said there have been reports of traders essentially waging denial of service attacks on government Web sites in an effort to slow the dissemination of time-sensitive information.

Cramer said he remains outraged the government is not making more of an effort to level the playing field for all investors instead of catering to high-frequency and other elite trading entities.

No Huddle Offense

In his "No Huddle Offense" segment, Cramer once again sounded off against trading on the headlines, a practice he said is the equivalent of throwing money away.

Case in point: the rollercoaster that was FedEx ( FDX - Get Report) today, a stock that traded wildly as investors gamed a barrage of headlines that ultimately lost them a ton of money.

Then there's the case of Tesla Motors ( TSLA - Get Report), a stock the fell sharply on news of the "massive" recall that, in reality, affected just over 1,200 vehicles.

Cramer said investors need to stop losing money on the headlines and instead focus on what matters, doing the homework.

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

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At the time of publication, Cramer's Action Alerts PLUS had no position in stocks mentioned.

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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