Estee Lauder is the only company to succeed in China

Jim Cramer, of CNBC, said Wednesday that Estee Lauder was doing well in China despite trade tensions, thanks to millennia.

Stocks rallied a bit in May – selling for between $ 174 and $ 160 while trade talks between the United States and China turned negative – $ 170 at the closing of Wednesday.

In its May 1 earnings report, the cosmetics company showed strength in China, prompting Telsey Advisory Group to increase its price target from $ 5 to $ 195.

"The only American company that is doing really well in China is Estee Lauder," said the host of "Mad Money," and they are in the consumer goods segment. just about what we could expect in a slowdown worldwide customers, including China, in the generation of selfies. "

Get all his thoughts on the impact of the trade war on the cloud space here

Investors are betting that the economy is slowing down and that a recession is brewing, Cramer said.

That explains the rebounds of the defensive shares at PepsiCo (1.80%), Kimberly-Clark (1.57%) and Hershey (2.16%) during the session, he said, as well as the rise about 5% of cloudforce Cloud stocks ,.

Equities outperformed major indices, all of which posted gains of less than 1%.

"[Defensive stocks] can do very well during a slowdown, "said the host.

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Cramer suggested that investors should try their luck on FleetCor and be patient because the game of financial technology could prove to be a "great investment".

FleetCor, the Georgia-based labor payment provider, is making more than $ 25 a share from its peak in May and is trading at 19 times the estimated earnings for 2020. At around $ 251 per share Cramer said it was cheap considering its growth rate.

"FleetCor has an excellent long-term history, and fintech's actions are very hot," he said. "The stock could go back a little bit further.I think you have to be ready to buy it down, especially if the price of oil keeps going down."

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Cramer explains why viewers should not be disconnected during his interviews with executives and what questions / answers may reveal for investors.

Watch the segment here

Anaplan, the software company specializing in connecting communities of people with data to improve business decision-making, said financial planning was ideal for businesses, said Managing Director Frank Calderoni to Cramer.

"We are in a big space," he said. "If you look at connected planning, it's in a space that has not really been tackled for so long, so a huge opportunity for us."

See the full interview here

Cramer Lightning Round: Moderna is speculative, but I love them

During Cramer 's lightning party, the host of "Mad Money" comments in no uncertain terms his choice of shares of the day.

Moderna: "I'm going to tell you to stick to that, it's speculative, I like them a lot."

Cedar Fair: "Yes, I like Cedar Fair.I know, look.The group is down … I love it much more than Six Flags.I think Six Flags reduces them all."

Mirati Therapeutics: Sell. "Play with houses money."

Disclosure: Cramer Charitable Trust owns shares of Salesforce.com.