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Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Wednesday August 1.

What Ben Bernanke Is Actually Saying. Stocks mentioned: Burger King (NYSE:BKW), Wendy's (NASDAQ:WEN), Freeport McMoRan (NYSE:FCX), Enterprise Products Partners (NYSE:EPD)

While traders tend to make kneejerk reactions before digesting statements from the Fed, Cramer believes it is important to try to figure out what Ben Bernanke is really saying in the language of investing. Bernanke indicated that the economy isn't really doing much of anything, there is not a lot of hiring, and it seems best to wait on the sidelines and not make radical moves unless the economy gets worse. The Fed doesn't intend to raise interest rates until late in 2014. The translation: buy high-yielding stocks.

Cramer took some calls:

Burger King (BKW) only seems to be getting better because its performance was so bad in the first place. Cramer would sell Wendy's (WEN).

Enterprise Products Partners (EPD) delivered a monster quarter and has a 4.7% dividend; "That is a terrific one. It is best in show."

Freeport McMoRan (FCX) is a buy because of the dividend, even though Cramer is worried about the situation with mines in Indonesia.

CEO Interview: Tom Farrell, Dominion Resources (NYSE:D)

Dominion Resources (D) is a high-yielding stock that is a good investment for the current environment. Its dividend is 3.85%, and utilities are a safe, stable business in any economy. The company spun off its risky oil segment to focus on utilities and is developing an export terminal for liquified natural gas. CEO Tom Farrell said new connects were up 20% year over year, and customers like to use Dominion because of its low rates. Its natural gas export terminal is a few years away from completion, but should eventually generate revenues and create a large number of jobs. This terminal is expected to be the first of its kind on the East coast. Cramer likes Dominion because it is a consistent, well-run company.

CEO Interview: David Henry, Kimco Realty (NYSE:KIM)

Kimco Realty (KIM) is the largest owner of shopping centers and offers a 3.8% yield. The company reported a stellar quarter with a 3 point earnings beat on revenues that rose 7% year over year. Occupancy rose 40 basis points and leasing was strong. The stock is up 22% for the year. CEO David Henry explained that, since there are fewer shopping centers being built, there is greater demand for space, and the company can raise rents and have consistent occupancy rates. While some have been worried about the stock because of the threat of e-commerce on brick and mortar stores, David Henry said clients have found ways to integrate e-commerce with their conventional store operations. Cramer is bullish on KIM.

CEO Interview: Jim Taiclet, American Tower (NYSE:AMT)

The bull market in wireless is going strong. As wireless companies are showing strength, they will need new towers for their upgrades. American Tower (AMT) is the leading producer of these towers, and has seen a 40% return since February of last year. The company reported a solid quarter, and indicated that its international business is expanding. CEO Jim Taiclet discussed AMT's business model, which is to increase the number of antennae on each tower so the tower becomes a mini "profit center" where companies rent space. Taiclet discussed tower and antennae expansion, and his plans to use extra cash for a dividend boost and perhaps an acquisition. Cramer is bullish on AMT.

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Source: Cramer's Mad Money - What Ben Bernanke Is Actually Saying (8/1/12)