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Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Wednesday June 9.

Whole Foods (WFMI), Hain Celestial (NASDAQ:HAIN), Chipotle Mexican Grill (NYSE:CMG), Weight Watchers (NYSE:WTW)

Forget about European woes and worries about the domestic economy. Americans continue to wage the Battle of the Bulge as they focus on healthy food and the problem of obesity. It is estimated that 67% of all Americans are obese, and the issue transcends social class to affect all sectors of society. Even the government is proposing legislation to ban junk food machines from schools and require restaurants to disclose health and nutrition information.

Cramer recommended four stocks to play the health food trend. All of these companies beat recent earnings estimates and are taking market share.

1. Whole Foods (WFMI)

2. Hain Celestial (HAIN)

3. Chipotle Mexican Grill (CMG)

4. Weight Watchers (WTW)

Know Your IPO: Chicago Board Options Exchange CBOE, with CME Group (NASDAQ:CME), Intercontinental Exchange (NYSE:ICE) and NYSE Euronext (NYSE:NYX)

The timing couldn't be more perfect for next week's hot IPO: Chicago Board Options Exchange. The IPO will take place early next week as Congress enters the final round of negotiations on financial reform. Although there hasn't been very much specific information on the new proposals, the call for transparency should entail pushing financial derivatives onto exchanges. This trend will be good for CME Group (CME), Intercontinental Exchange (ICE), NYSE Euronext (NYX) as well as CBOE.

Recent volatility in the markets has been good for options trading with CBOE growing at a 25% compound annual rate for the last five years compared to the 10-15% growth in cash equities. However, Cramer would not rush to buy the IPO, since it is expensive, but if the price of the offering doesn't drop, it could be a "major positive" for the above-mentioned exchanges. With big money rushing to get a piece of this IPO, it might be hard for the retail investor to get into the deal, but Cramer thinks it is worth a try if shares can be obtained at $28, but no higher than that.

China Is Off the Worry List: Banco Santander (STD), Bank of America (NYSE:BAC)

Cramer once again reiterated his checklist of six things that need to happen before it is worth getting bullish on stocks again. While the oil spill has not yet been cleaned up, more visibility is needed into domestic financial reform, unemployment needs to stop falling and the euro needs to stabilize, there were some minor bright points for Spain and Portugal and the U.S. Banco Santander (STD) announced it was buying back 25% of its stake in the Mexican arm of Bank of America (BAC), a move it wouldn't be making if it were on the verge of bankruptcy. Portugal's bond offering was successful, and at home, there has been outspoken criticism of Blanche Lincoln's financial proposal to outlaw profitable swaps. If this proposal is finally laid to rest and put aside, an enormous amount of fear could be allayed and stocks should be more stable, said Cramer.

However, there is only one item on Cramer's checklist that merits marking off; it seems that there is no more reason to fear Chinese financial reform. China is seeing strong growth and only moderate inflation as the real estate market cools. With its housing bubble slowly losing air, and residential property sales declining 80% from their December high, it looks like China's economy will land softly and not pop. "That's exactly what we've been waiting for," said Cramer. In fact, the Middle Kingdom might be in a position to come to Europe's aid.

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Source: Cramer's Mad Money - 4 Stocks to Win the Battle of the Bulge (6/9/10)