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Cramer's 'Mad Money' Recap: Disciplined Investors Rule

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NEW YORK (TheStreet) -- Opportunities only exist for those who do the homework, Jim Cramer told his "Mad Money" TV show viewers Wednesday. He said those investors who are just simply following the Federal Reserve have had a hard time making money in this market, but those with discipline have had a very good month.

Cramer said biotech remains a red-hot bull market, with Celgene up 89% for the year and others, such as Trius Therapeutics , getting a takeover bid. Shares of Trius are up 116% since Cramer first recommended it.

Investors are also pouring money into spirits, noted Cramer, with Anheuser-Busch InBev , Diageo and Boston Beer all posting solid gains.

Cramer said investors could also follow hedge fund managers with investments such as Air Products or Herbalife . His own charitable trust, Action Alerts PLUS, has been making moves in both Facebook and even Apple .

But for investors to make money in any of these names, Cramer said, they must invest in individual companies and not blindly follow what the Fed watchers have been suggesting, which has been to sell, sell, sell.

Executive Decision: Sally Smith

In the "Executive Decision" segment, Cramer spoke with Sally Smith, president and CEO of Buffalo Wild Wings , the restaurant chain which just posted earnings that beat expectations by 9 cents on better-than-expected revenue despite speculation that chicken prices would hurt the company's sales.

Smith said operating costs turned out to be the lowest in eight quarters and she's very pleased with the results. She said Wild Wings is very much looking forward to the upcoming football season because that's the busiest time of the year for her chain. She noted that fantasy football also keeps customers coming back week after week.

One of the controversial points in the quarter was Wild Wings' decision to change portion sizes for their wings. Smith explained that with larger wings, customers may find a few less wings on their plate but the same amount of meat, while they'll get more wings with smaller sizes. Overall, Smith said, customers are liking the consistency of ordering essentially by weight rather than by the wing and it has had no impact on sales.