Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.
Today was just another day at the office, Jim Cramer told his Mad Money viewers Wednesday. That's a good thing, Cramer continued, as it shows the stock market is finally getting back to normal.
Just a year ago, an interest rate hike by the Federal Reserve sent the markets reeling, but today's rate hike barely had any impact. Why? Because many investors believe that the economy is not only improving, it's about to get a whole lot stronger under Donald Trump.
So today's rate hike wasn't a surprise. It merely confirmed what we already knew. Trump's plans for lower taxes, deregulation and repatriation of overseas capital are going to heat up the economy and the Fed might not be able to keep up, even with three expected rate hikes in 2017.
What does that mean for investors? Cramer said it puts the focus back on individual companies and earnings. And that's where the focus should've been all along.
Hear what Cramer and Jack Mohr are telling their investment club members about Wednesday's Fed move and how it will impact their portfolio; Get a free subscription to Action Alerts PLUS.
The Ultimate 'Trump Stock'
The stock of uniform supplier Cintas (CTAS - Get Report) has been on fire, up 32% so far this year and a full 120% over the past three years. But Cramer said shares could still go significantly higher, and he called the company the ultimate "Trump stock."
The premise is simple: The more people who are working, the more uniforms they'll need. Which is why Cintas -- already growing earnings organically by 35% a year -- could become even more attractive to investors.
Cintas is not going to be affected by a single interest rate hike, Cramer said. And given its limited international exposure, it's also not likely to get caught up in any trade war discussions either. It will however, benefit from Trump's proposed tax rate cuts for corporations, as it paid 37% in taxes last year.
Coming up in tonight's episode of Mad Money: Cramer interviews Bill Sandbrook, CEO of U.S. Concrete (USCR - Get Report) and focuses on opportunities for Xilinx (XLNX - Get Report) . Plus, don't miss the Lightning Round. Which stocks is Cramer bullish on?
What's Hot? Xilinx
Xilinx makes programmable logic chips that are used in a multitude of applications, from autos and defense to the data center. Cramer said with all of the takeover activity in the semiconductor space, he could see Xilinx becoming a target for the likes of Texas Instruments (TXN - Get Report) or Micron Technologies (MU - Get Report) , which may be looking to diversify away from cell phone chips.
Cramer never recommends a stock based solely on takeover speculation, but in the case of Xilinx, the company has excellent fundamentals, and that makes it a buy.
Executive Decision: U.S. Concrete
Sandbrook said that U.S. Concrete differentiates itself by focusing on urban areas and taking on special projects like stadiums and bridges that are difficult for competitors to match. U.S. Concrete played a big part in rebuilding the World Trade Center in New York City, for example.
Of the areas in which U.S. Concrete operates, including New York and California, Sandbrook said he was most excited about Texas, where corporate relocations in the region have been a big win for his company.
When asked about the effect of the Trump administration, Sandbrook said that lower taxes and fewer regulations are big positives, but he's not looking for infrastructure projects to play a big part for a few years. Planning, permitting and executing takes time, he noted.
As for Trump's proposed border wall with Mexico, Sandbrook said U.S. Concrete has portable plants at the ready, he's just waiting for the president-elect's phone call.
Cramer called U.S. Concrete a "pretty good story."
Off The Tape: Dialpad
In his "Off The Tape" segment, Cramer spoke with Craig Walker, CEO of the privately-held Dialpad, a company looking to replace corporate landline phones with smarter, cloud-based solutions.
Dialpad currently has more than 25,000 paying customers and venture capital backers that include Google Ventures. Walker, who once worked on Google Voice, said that at Google, the goal was providing one phone number that rang in multiples places, but Dialpad aims to replace the desktop phone altogether with an app on your laptop or smart phone.
Using Dialpad is dramatically cheaper than traditional PBX phone systems, Walker said and companies like Motorola have already saved over $1 million. Dialpad also offers value-added features like voicemail transcription services.
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.