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Stocks discussed on the Stop Trading! session of Jim Cramer's Mad Money TV Program, Wednesday June 23.

Fortune Brands (FO), Jabil Circuit (NYSE:JBL), Cisco (NASDAQ:CSCO), Netflix (NASDAQ:NFLX), Akamai (NASDAQ:AKAM)

Cramer thinks Ben Bernanke did the right thing by announcing that interest rates will stay in the 0%-0.25% range, and stocks rallied. However, they dropped later in the day on comments from the central bank that the sluggish economic conditions meant that rates wouldn't be raised for a while. Nevertheless, Cramer praised the Fed Chairman: “I think he’s doing everything he can. I applaud what he’s doing,” Cramer said.

On negative housing news, many quality housing stocks were taken down. Cramer thinks Fortune Brands (FO) "could be interesting."

Jabil Circuit's (JBL) quarter was strong, and was good for Cisco Systems (CSCO), which is planning to spend $1 billion in Russia. Cramer said Cisco was "twice-blessed."

With demand for online video increasing, Cramer is bullish on Netflix (NFLX) and Akamai (AKAM). “These stories, while they appear to be overvalued,” Cramer said, “I think have multiple years of growth ahead.”


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Source: Cramer's Stop Trading! Ben Bernanke Is Doing Everything He Can (6/23/10)