"[Defensive stocks] can do just fine during a slowdown," the host said.The price of gas is seen on a pump at a Sunoco gas station in Rockbridge, Ohio.FleetCorFleetCor, the Georgia-based workforce payment provider, is more than $25 per share off its May high and trades at 19-times 2020 earnings estimates. At about $251 per share, Cramer said it's cheap given its growth rate.
"FleetCor has a superb long-term story, and the fintech stocks are very hot," he said. "The stock could pull back a little more. I think you have to be prepared to buy it on the way down, particularly if the price of oil keeps falling."
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