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NEW YORK ( TheStreet) -- Today the market was finally acting rationally, reacting positively to good news and giving shrewd investors the ability to make money buying on the panic of others, Jim Cramer said on Mad Money Wednesday.

Cramer said at the heart of today's market rally was the realization that OPEC, the oil cartel, may indeed finally be broken, which means a lot more than just lower gasoline prices at the pump. Investors embraced the notion that consumer packaged-goods companies along with retailers and restaurants also benefit from cheaper oil.

That's great news for anyone who uses plastic for their packaging, which is just about everyone. Just think about all those bags, bottles, packages and diapers that just got whole lot cheaper, Cramer said.

Cramer said that's why J.C. Penney (JCP) was able to rally 20% on the day, as cheaper oil equals higher retail sales, even for struggling retailers like Penney. That's also why Dicks Sporting Goods (DKS) popped 11% on rumors of a buyout. Private equity always loves a deal, Cramer said, and stocks are very cheap at the moment.

Cramer said he also saw strength in the home builders because it is only getting cheaper to buy a home. That boosted stocks including Lennar (LEN)  as well as Home Depot (HD) and Sherwin-Williams (SHW) .

Executive Decision: Bill Cobb

For his "Executive Decision" segment, Cramer sat down with Bill Cobb, president and CEO of H&R Block (HRB) , the tax preparer that's seen its shares rise 14% over the past year thanks, in part, to an increasingly complicated tax code.

Beginning this year, the Affordable Care Act will be a factor when individuals file their taxes, and Cobb said H&R Block will be ready. The company hired more tax pros, and more bilingual tax pros, than ever before and have given them all an extra seven hours of training exclusively on the ACA.

Cobb said H&R Block's mission will always be to maximize refunds but with no fewer than 33 exemptions to the Affordable Care Act, a lot of focus will be given to these new laws. Individuals need to be careful when they file this year, Cobb added.

When asked about the trend towards digital filing, Cobb said about 60% of Americans want help with their taxes, while the other 40% prefer to do things themselves. H&R Block stands ready to help no matter how you choose to file.

With over 12,000 locations nationwide, Cramer said H&R Block gives investors multiple ways to win.

What's on the Menu?

With consumers finding a whole lot more money in their pockets thanks to lower gasoline and heating bills this winter, Cramer said it's an excellent time to look at the restaurant stocks. Here's his list of the best names to own.

Cramer said the next time the market sells of in a panic over lower oil prices, investors should be ready to pick up shares of Buffalo Wild Wings (BWLD) , a stock trading at its all-time high. Shares of Wild Wings may be expensive at 31 times earnings but Cramer said the company's CEO is terrific.

Cramer also gave the nod to Chipotle Mexican Grill (CMG) , another terrific stock that's always expensive but goes up anyway, and Cracker Barrel (CBRL) , the undisputed king of interstate dining.

Also making Cramer's shopping list is DineEquity (DIN) , purveyors of the Applebee's and IHOP, along with Fiesta Restaurant Group (FRGI) , which is expanding its two concepts nationwide. There's also Jack in the Box (JACK) , a longstanding Cramer fave with a hidden gem called Qdoba.

Shopping Around

In addition to restaurants, retailers also benefit from consumers flush with cash, Cramer told viewers. Here's his nine domestic retail plays that should see a strong 2015.

First are two auto-related names, Carmax (KMX) and AutoZone (AZO) . Cheaper gas makes older cars more attractive, Cramer posited, and that's great news for these two stocks.

Next, Cramer likes CVS Health (CVS) in the drugstore space and Dollar General (DG) in the dollar store segment. Home improvement king is Home Depot, a perennial Cramer fave, while Kroger (KR)  is Cramer's favorite in the supermarket segment.

Three honorable mentions include L Brands (LB) , purveyors of Victoria's Secret; Restoration Hardware (RH) , which just posted a jaw-dropping 53% rise in profits; and Williams-Sonoma (WSM) , a company Cramer said is doing so many things right.

Lightning Round

In the Lightning Round, Cramer was bullish on Northrop Grumman (NOC) , Lockheed Martin (LMT) , American Campus Communities (ACC) , Service Corp. (SCI) , Canadian National Railway (CNI) , PPG Industries (PPG) , Intel (INTC) and Cypress Semiconductor (CY) .

Cramer was bearish on Qualcomm (QCOM) .

No Huddle Offense

In his "No Huddle Offense" segment, Cramer wondered what would happen if our government gave every household in America a $1,000 tax break? In a nutshell, it would be a mess. Deficits would rise, probably taxes, too, and government spending would most certainly have to be cut.

But $1,000 is about what every household in America is saving thanks to cheaper gasoline and heating oil. Unlike the first scenario, this tax break isn't coming from our government, it's coming from the OPEC nations that are no longer receiving windfall profits at America's expense.

"That's the math," Cramer said. Americans used to pay nearly 4% of their income, or $2,912 a year, back in 2012 when gas prices were nearly twice what they are now. But today there's simply more disposable income in Americans' pockets.

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: Scott Rutt

Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC

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

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