Everything Jim Cramer said about the stock market on 'Mad Money,' including investing around impeachment, FedEx's woes
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CNBC's Jim Cramer says investors shouldn't worry about how the impeachment proceedings in Washington, D.C., will impact stocks on Wall Street. The "Mad Money" host explains how the market reacted to President Bill Clinton's impeachment and how FedEx can recover from its stock woes.

Tune out the impeachment noise

Traders working on the floor of the New York Stock Exchange. Drew Angerer | Getty Images

CNBC's on Wednesday said investors on Wall Street care more about company fundamentals than they care about the impeachment process in Washington, D.C. As the House debated impeaching President Donald Trump throughout the day, the major U.S. stock averages barely moved. The slipped 0.10%, and the dipped 0.04%. The rose 0.05%. "While the impeachment debate didn't seem to do much damage, a late wave of selling was, indeed, met with almost no buyers today, and that's not what you want to see if you're hoping for smooth sailing going forward into year end," the "Mad Money" host said. "Still, even if we have a few down days coming up ... market history says it's a mistake to freak out about the impeachment process."

Impeachment history suggests Wall Street has nothing to fret about

Janhvi Bhojwani | CNBC

With the public fixated on impeachment in Congress, Cramer revealed his strategy to make money in stocks as the bull continues to run on Wall Street. The host is convinced the impeachment of Trump will play out as did that of President Bill Clinton, who was impeached in a Republican-led House and acquitted in a Democratic-led Senate two decades ago. "That's right. It may not be classy, but I'm here to help you profit from these impeachment proceedings because, you know what, this show isn't 'Mad Politics,' it's 'Mad Money,'" he said, "and on 'Mad Money,' we never stop hunting for the next bull market for you."

Stocks that can work through Trump's impeachment process

Microsoft signage at the Meridian Building (formerly CompuWare) in Detroit, Michigan on May 25, 2018. Raymond Boyd | Michael Ochs Archives | Getty Images

As the House of Representatives takes its next step toward impeaching Trump on Wednesday, Cramer said there are stock market lessons to be learned by looking at history. Specifically, there are some companies whose stock performances are showing similarities to those during the impeachment proceedings of former President Bill Clinton, who was acquitted in early 1999, the host said. Those companies include , , and , among others, Cramer said. While many of the stocks saw their gains wiped out during the dot-com bubble, Cramer said it is still a worthy exercise to look back to top performers in 1999. "It's really pretty astonishing how much of what was working then is also working now," he said.

How FedEx stock can rebound

An employee sorts packages inside the FedEx distribution hub at Los Angeles International Airport. Patrick T. Fallon | Bloomberg | Getty Images

management must adjust the company to the digital age if it expects to engineer a rebound in the stock, Cramer said. The shipping giant continues to rake in big profits but finds itself in a deeper ditch after failing yet again to meet expectations in its most recent earnings report. "The real disgrace is that management keeps believing they've got it right when in reality they're dead wrong," the host said. "Stop the predictions, stop the sham guidance, and take the time to figure it all out. Then, and only then, will FedEx stock be able to bottom."

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