Jim Cramer's 'Mad Money' Recap: These Momentum Stocks Will Outrun the Fed

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No market is strong enough to handle Federal Reserve officials calling for multiple interest rate hikes, Jim Cramer told his Mad Money viewers Wednesday. But that doesn't mean that on day two of the selloff there aren't bargains to be had. In fact, as investors pick through the rubble, they'll still find stocks with redeeming qualities.

Cramer said investors need to be looking for disruptors, companies that are taking share and staying ahead of the pack. In the case of retail, that means stocks like Lowe's (LOW) - Get Report , which reported strong earnings today, along with Ulta Salon (ULTA) - Get Report . At the other end of the retail spectrum is Target (TGT) - Get Report , which fell 7.6% as the once venerable retailer is now clearly in the cross-hairs of Amazon.com (AMZN) - Get Report .

Cramer said even a high-multiple stock like Tesla Motors (TSLA) - Get Report is attractive as that stock rallied 3.1% even with a secondary share offering.

Other notable names include JPMorgan Chase (JPM) - Get Report , a bank that actually does better with higher interest rates, and beaten-down stocks like Allergan (AGN) - Get Report , which represent value.

These are the stocks with enough momentum to outrun the Fed, Cramer concluded, and these are the ones that can be bought.

Executive Decision: Spencer Rascoff

For his "Executive Decision" segment, Cramer sat down with Spencer Rascoff, CEO of Zillow Group (Z) - Get Report , the online realty listing service with shares that are up 10% so far in 2016.

Rascoff said Zillow has the mindshare of real estate market, with more people searching for "Zillow" than "real estate" on Google. He said his company remains in high growth mode, but once the buildout is complete, the company expects gross margins to hit 40%.

Rascoff added Zillow now has five brands that are just "killing it," and if you want to advertise your listings, Zillow is clearly the place to be.

When asked about competition, Rascoff said Zillow has a huge addressable market and is in control of its own destiny. It has the brands and the audience and is planting seeds for future growth. One of those focus areas includes single-family rentals, which is the lion's share of the rental market.

Cramer continued his support for Zillow.

Executive Decision: Marc Benioff

In his second "Executive Decision" segment, Cramer spoke with Marc Benioff, chairman and CEO of Salesforce.com (CRM) - Get Report , which just reported an earnings beat of 1 cent a share with a 27% rise in year over year revenue.

Benioff said Salesforce continues to help companies like Amazon and Uber build one-on-one relationships with their customers to improve performance. In the case of Uber, the customers are the drivers, who are using Salesforce tools throughout their journey with the company.

Benioff noted that Salesforce works with many government agencies, where the citizens are the customers. He said Salesforce allows governments to listen, connect and respond to citizens so they don't lose votes, taxpayers or stall their economies.

Benioff added that despite rumors of his desire to sell the company, he's never been more excited about what lies ahead.

More Benioff

Continuing with his interview with Salesforce CEO Marc Benioff, Cramer asked about Benioff's recent outspoken views on various social issues.

Benioff said CEOs are responsible for a lot more than just profits. They must serve all of a company's stakeholders including customers, employees, shareholders and the communities in which they operate. Those that are under-served deserve a voice, he said.

That's why Benioff opposes such things as Indiana's religious freedom law, which he said discriminates against the LGBT community. Salesforce is ready to reduce their investment in Indiana, Benioff said, is the law is not changed.

Benioff said that so far Salesforce has seen no adverse affects to its business from doing what's right for customers and taking a stand on important social issues.

Lightning Round

In the Lightning Round, Cramer was bullish on Chipotle Mexican Grill (CMG) - Get Report , Integrated Device Technology (IDTI) - Get Report , NXP Semiconductors (NXPI) - Get Report and Edwards Lifesciences (EW) - Get Report .

Cramer was bearish on Corning (GLW) - Get Report .

Executive Decision: Udi Mokady

In his third "Executive Decision" segment, Cramer sat down with Udi Mokady, president and CEO of cybersecurity company CyberArk Software (CYBR) - Get Report , which reported 23 cents a share in earnings and a 43% rise in revenue with robust guidance back on May 5.

Mokady said that CyberArk is increasing awareness of the need for security and has opportunity ahead as customers discover a new layer of security they hadn't previously deployed. He said protecting the keys to a company's IT kingdom is an ongoing effort that keeps customers coming back.

CyberArk is also growing outside the enterprise. Mokady said the third quarter was a record for government sales and the company is seeing strong sales among health insurers and hospitals. CyberArk currently serves more than 2,600 customers worldwide.

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

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At the time of publication, Cramer's Action Alerts PLUS had a position in AGN and NXPI.