It may seem like stocks and Washington are inextricably linked, but Jim Cramer told his Mad Money viewers Wednesday that stocks go up on their own merit and aren't as beholden to politics as you might think.

The surprise firing of FBI Director James Comey by President Trump should've sent the markets reeling. But instead, the averages ended the day flat with bonds and gold barely budging. Cramer said these moves clearly signal that Washington is off the market's radar screen.

Some money managers are indeed preparing for Armageddon, expecting a thin summer trading season to usher in the bear. But Cramer said that, ultimately, what happens in Washington has little impact on the earnings of stocks like Walmart (WMT) , Coca-Cola (KO) or Citigroup (C) . It also has no correlation to the 17.8% move in Nvidia (NVDA) , nor the 12.8% jump in Electronic Arts (EA) .

Cramer said it's rare to be able to pick up shares of Allergan (AGN) , an Action Alerts PLUS holding, at such a discount. The same goes for Walt Disney (DIS) , which likely won't be down for long. Cramer was also bullish on Facebook (FB) , another Action Alerts core position.

Meanwhile, over on Real Money, Cramer says smart investors know what news really matters. Find out how to tune out the Washington madness and focus on real business opportunities. Get more on his insights with a free trial subscription to Real Money.

Checking in With Chipotle

In his "Executive Decision" segment, Cramer checked in with Jack Hartung, CEO of Chipotle Mexican Grill (CMG) , which delivered strong quarterly results when the company reported two weeks ago.

Hartung said his company learned a lot from its food safety issues in 2015 and has changed how they handle their ingredients to ensure that it never happens again. Furthermore, he said Chipotle realized that they had lost their focus on the basics of running a restaurant and have been hard at work simplifying their training programs.

Hartung continued by explaining that Chipotle was focusing more on its culture than on customers and training, but now that they have a better balance, complaints and every other metric are improving. Shares of Chipotle are up 28.9% for the year.

Digital is also a strength at Chipotle, with online orders up 15% thanks to a new reservation system that allows team members to better focus on customers.

Cramer said that Chipotle's best days are still ahead and he'd buy some now and more on any weakness.

Nvidia's Reach 

What's driving the huge rally at graphics chip maker Nvidia? Cramer said it's because the company has its hand in every red-hot high tech trend.

Nvidia's core gaming business continues to be on fire, Cramer explains, as the company simply makes the best graphics chips around. With gaming now approaching the popularity of baseball here in the U.S., it's easy to see why the stock continues to rally.

But Nvidia is about a lot more than just gaming. The company's technology is used in professional visualization applications (think virtual reality), and its data center business is three times larger this year than last.

Automotive products also continue to grow, expanding by 24% in this most recent quarter. Cramer said it's easy to see why Intel (INTC) had to buy MobileEye, the auto space is too hot to ignore.

Executive Decision: Noble Energy

In his second "Executive Decision" segment, Cramer sat down with David Stover, chairman and CEO of Noble Energy (NBL) , the oil exploration and production company with acreage in all of the best regions of the U.S.

Stover started out by saying that just from 2015 through today, Noble has been able to increase efficiency at its wells by 50%. That means that while their plan is for oil between $50 and $60 a barrel, his company is still profitable with oil at $47 and even lower.

Stover was very bullish on the huge Levathian oil and gas field off the coast of Israel. He called the region a "world class asset" that is capable of incredible production. Noble currently produces one billion cubic feet (BCF) of gas at Levathian but will double that by 2020 and can see a path to double again over the following decade.

While many of Noble's wells are not on federal land, Stover said that and pro-energy policies from Washington will be good for business and the nation. He said the industry needs more pipelines and those pipelines are now starting to come in.

Cramer remained bullish on Noble Energy.

Executive Decision: CBRE Group

In his final "Executive Decision" segment, Cramer again welcomed Bob Sulentic, president and CEO of CBRE Group (CBG) , the real estate services company which reported a nine-cents-a-share earnings beat two weeks ago.

Sulentic said that CBRE is taking market share because it provides the real estate services that its customers need and it's one of the only providers that can assist with everything a company needs from building new buildings to management and capital improvements. He said growth is strong around the globe, including in China and India.

Across the U.S., real estate is doing well, Sulentic continued. He noted that rents are stable and there is not a lot of overbuilding. Even in second-tier markets, there are good things going on.

Cramer said that CBRE also has a great story to tell and he remains bullish on the company.

Lightning Round

In the Lightning Round, Cramer was bullish on Cara Therapeutics (CARA) , Verizon (VZ) , Radius Health (RDUS) and Six Flags (SIX) .

Cramer was bearish on Hertz Global Holdings (HTZ) , General Motors (GM) , Pandora Media (P) , Cedar Fair (FUN) , Quotient Technology (QUOT) and Rite Aid (RAD) .

Cramer and the AAP team are looking at the rally in Newell Brands (NWL) and offering a technical point of view to pair with their fundamental long-term analysis of the company. Find out what they are telling their investment club members; get a free trial subscription to Action Alerts PLUS.

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At the time of publication, Cramer's Action Alerts PLUS had positions in NWL,C, AGN, FB.
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