Every once and awhile, the bull gets his day, Jim Cramer told his Mad Money viewers Wednesday. Today, there were two bulls in charge, and they don't care what anyone else thinks of them.

The first market bull was Federal Reserve Chairman Jay Powell, who again opted to keep interest rates low due to continued high unemployment.

Powell has many critics, Cramer noted, but he continues to stick to his guns and ensure that everyone prospers in our economic recovery. Powell has been remarkably consistent in his remarks, a trait which drives the inflation hawks crazy.

The second bull was Chinese President Xi Jinping, who continues to put pressure on the failing land developer Evergrande. Cramer explained that for years, China used capitalism to lift people out of poverty, but now the regime is returning to its Communist roots and is determined to make an example out of Evergrande.

What these two bulls have in common is their conviction. They don't bow to what investors or the pundits think is right, they only do what they think is right. On days like today, Cramer said, we can see the bulls flexing their muscles, reminding everyone of who's making the decisions. 

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Know Your IPO

In his "Know Your IPO" segment, Cramer opined on Toast TOST, the restaurant technology company that saw its shares rise 56% on their first day of trading.

Cramer said he loves the restaurant technology space, and apparently so does Wall Street, with shares of Square  (SQ) - Get Square, Inc. Class A Report, Lightspeed LSPD and Par Technology Corp.  (PAR) - Get PAR Technology Corporation Report all seeing big gains. Toast is another player in space, with 29,000 customers using its integrated platform that provides everything from online ordering, to delivery, to point-of-sale technology. The only problem? There are a lot of other people that do exactly what Toast does.

But Cramer said that alone wouldn't turn him away from the stock. What would is the company's sky-high valuation that has shares trading at 19 times sales. That means Toast is priced for perfection and investors are likely to get burned.

Cramer said he's also not a fan of this "sliver deal," which sold only five million shares of the Toast's 500 million share float. With tiered lockup expirations coming down the pike, there is likely to be a lot of selling pressure in the near future.

At lower levels, Cramer said he'd be a buyer of Toast, but at these prices, he simply cannot recommend it.

Executive Decision: Standard Lithium

For an "Executive Decision" segment, Cramer spoke with Robert Mintak, CEO of Standard Lithium SLI, a speculative stock that's risen 430% over the past year.

As electric vehicles gain in popularity, the demand for lithium has never been greater. Yet in the U.S., there's been no new lithium production added in over six decades. The production that does exist, is merely a rounding error on the global stage.

That's about to change, Mintak said, as Standard Lithium is bringing a technology approach to the solution and placing it in the middle of Arkansas. He said Standard Lithium doesn't mine for lithium by crushing rocks, it extracts lithium from a saltwater brine solution using technology in an environmentally-friendly way.

The company's tech is currently in operation at a test facility that is running 24 hours a day, seven days a week. The plant is producing battery-grade lithium that could supply the U.S. battery EV market when scaled up to full size.

When asked why this technology is not well known, Mintak explained that until now, there's been no race to bring new lithium into production. But based on the plans of nearly every auto manufacturer, now is the time when the technology can meet demand and Arkansas just happens to have the resources and be conveniently located to supply our country's lithium needs.

TheStreet Recommends

Executive Decision: Unity Software

In his first "Executive Decision" segment, Cramer spoke with John Riccitiello, chairman, president and CEO of Unity Software  (U) - Get UNITY SOFTWARE, INC. Report, the engine behind most of the 3D applications available today.

Riccitiello explained that Unity provides tools so that developers can build new ways to experience the world. Their journey began with gaming, but has since expanded across industries to include shopping, construction, manufacturing, and sports.

The Unity engine is what powers 70% of all mobile gaming experiences, Riccitiello said. It provides the physics, lighting and UI layers and renders them all into a seamless, high performance experience. That's why Unity powers over two-thirds of all augmented and virtual reality experiences.

Unity has the ability to ingest realtime data from multiple cameras and then rebuild a virtual world based on that data, all in real time. The possibilities are endless, he said, as they allow consumers to view the world on any device and any way they want. Unity is growing 40% per year.

Cramer said the 3D market is owned by Unity.

Don't Talk About the Weather

In his "No Huddle Offense" segment, Cramer said it's for CEOs to stop playing weathermen on their conference calls. If you say the word "headwind," the analysts hear "tsunami" and start to panic.

That's what happened to shares of Walt Disney Co.  (DIS) - Get Walt Disney Company Report Tuesday, when management chose a blunt approach to their narrative rather than using a little Wall Street finesse. Cramer said analysts have no tolerance for even the smallest of problems they fear could spiral out of control.

Then there's Adobe Systems  (ADBE) - Get Adobe Inc. Report, which made the mistake of calling out "seasonality" on their conference call. That, too, sent shares plunging Tuesday, despite a terrific quarter. According to the analysts, growth should be unencumbered and not subject to the calendar.

Fortunately, Cramer said both of these hiccups gave investors the opportunity to buy these great stocks at great prices.

Lightning Round

Here's what Cramer had to say about some of the stocks that callers offered up during the "Mad Money Lightning Round" Wednesday evening:

Ulta Beauty  (ULTA) - Get Ulta Beauty Inc Report: "You can buy more Ulta Beauty. I like that stock very much."

Laredo Petroleum  (LPI) - Get Laredo Petroleum, Inc. Report: "I don't like Laredo. I like Devon Energy  (DVN) - Get Devon Energy Corporation Report, Chevron  (CVX) - Get Chevron Corporation Report Pioneer Natural Resources  (PXD) - Get Pioneer Natural Resources Company Report and I like ConocoPhillips  (COP) - Get ConocoPhillips Report."

AbCellera Biologics  (ABCL) : "This is incredibly speculative, but I'm not going to say no."

Gilat Satellite Networks  (GILT) - Get Gilat Satellite Networks Ltd. Report: "That stock is so cheap, why not?"

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At the time of publication, Action Alerts PLUS had no position in the stocks mentioned.