This is a great game that can be bought

CNBC's Jim Cramer said Wednesday that bluebird cinema could be a takeover candidate.

The clinical stage biotechnology company, which develops gene therapies for serious diseases and cancer, has a market share of $ 6.7 billion.

"I think it's a great specification. I really do," told the host "Mad Money" a viewer in New York. "I think it has great technology and it wouldn't shock me if someone bought them."

The stock fell 1.09% during the session to close at $ 122.25.

Time to scout

Traders work on the floor of the New York Stock Exchange on May 7, 2019.

Brendan McDermid | Reuters

Market sales have reached the "emotional stage" and investors should begin to spare stock buying opportunities, Cramer said.

The three major US indices all dropped less than 1% during the trading day as traders' confidence in stocks as an asset class, he said. It makes it a good time to get past the basket and restore the market at discounted prices, he said.

"Now that people are very freaking out … I think it's time to start picking up stocks in weakness. It's not cheerleading, it's discipline," Cramer said. "So if you have some money on the sidelines, I think you might start putting it to work, but slowly and surely, not with a degree of goodness because it's not justified."

Emotions have overtaken the market, he said.

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Read the bond market

Treasury Department in Washington, DC

Adam Jeffery | CNBC

Long-term US government bonds are down. Unless they reverse the course, the stock market may be led by more disadvantages, Cramer said.

"Every 10-year countdown [bond] is seen as a sign of impending downturn. I think we can throw yoke off the bond market in the end, but first-time stocks must be oversold," he said. "We need some better revenue reports, especially from resellers … and we're simply not there yet."

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No tariff impact

Emanuel "Manny" Chirico, CEO, PVH

Scott Mlyn | CNBC

Calvin Klein's parent PVH saw its share price drop 10% in extended trading after delivering a weak profit and income margin in the first quarter, and weak guidance for the following quarter.

Managing Director Manny Chirico told Cramer that they saw some softness in the quarter, which was reflected in the results and forecast. But none of his shortcomings came from tariffs on Chinese imports, he said.

"What we really only see is a decline in growth [and] a decline in retailing in general," he said. "Great impact here in the US is the lack of international tourism and tourism procurement, and the strong dollar … currency [over the past three months] is down 3% to 6%. So we really feel it too." [19659002]

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Changing operations

Bracken Darrell, CEO, Logitech International

Scott Mlyn | CNBC

Logitech CEO Bracken Darrell joined forces with Cramer to discuss how tariffs on Chinese goods have affected the computer manufacturer.

Darrell explained how the company plans to move its business out of China and into neighboring countries to avoid pressure if trade tensions with the United States continue to escalate.

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Don't bother China

Martin Richenhagen, CEO, AGCO, interviewed by CNBC's Jim Cramer

Scott Mlyn | CNBC

Martin Richenhagen, CEO of Agco, said Wednesday that management has made moves over the past year to improve operations and free itself from the world event to deliver shareholder results.

This means a revenue and earnings blow for the Company's first quarterly report for 2019 earlier this month, said Richenhagen Cramer. Agco reported nearly $ 2 billion in revenue and earnings per share of 86 cents, driven largely by business in Europe and the Middle East.

"We focused on improvement initiatives that already started last year because we wanted to be independent of everything happening in a more volatile political environment, and I think it's going well," Richenhagen said. "Our focus this year is on margin improvements, and the same will be for next year."

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Cramer lightning strike: We sold Anadarko. It's time to move on

In Cramer's lightning round, "Mad Money" runs through his thoughts on callers & # 39; stockpicks of the day.

Anadarko Petroleum: "We sold the one for the charity faith. Time to continue, my friend."

CVS Health: CEO Larry Merlo has "a great analyst meeting coming up and he must explain how he can cut down that debt, pay off debt, and if he does, people would buy it, but I do not [recommend it] in front of the analytical meeting. We must see what he says. "

Lowe is:" I thought [CEO] Marvin Ellison – I thought he explained very well … He works very hard to get fit, and no one convinces to stay with him except me, I think if you buy that stock at $ 90, you will make a bargain. And Marvin, please come on this show because you know how to tell the story. "

Enlightenment: Cramer's charitable trust owns shares of C VS.

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