With another hideous day in the markets on the books, many investors wonder which stocks can withstand the turmoil.
Jim Cramer said that despite ugly days like Thursday there are still robust bull markets in individual sectors. The "Mad Money" host thinks investors should be on the lookout for stocks that are tied to powerful long-term themes that are not reliant on the weakness in Europe, Middle East or China.
One particular example is the cybersecurity space.
We are living in an age where the necessity of cybersecurity has become essential, Cramer said. Only recently 56 million credit cards were hacked at Home Depot, JPMorgan compromised 76 million bank accounts, and celebrities can't even store naked pictures of themselves on Apple's iCloud. With headlines like these becoming common, Cramer thinks companies will spend a fortune to keep their technological infrastructure safe. That brings Cramer to Cyberark Software.
Cyberark is a small Israeli cybersecurity firm that went public in September and saw its stock rally 87 percent on the first day of trading. Though the stock has fallen 5 percent since the first day of trading, Cramer thinks it could have some legs to grow.
Cyberark differs from the rest of the cybersecurity plays Cramer follows; while all of the other companies are focused on defending the perimeter of data with firewalls, Cyberark aims to limit the damage once the hackers get in.
----------------------------------------------------------
Read more from Mad Money with Jim Cramer
Cramer: Troubled charts mean stormy seas ahead?
Alcoa lifts Cramer from 'orb of gloom'
Cramer: Was the big rally a one-hit wonder?
----------------------------------------------------------
That niche approach will help Cyberark gain a following, by protecting privileged and administrator accounts that exist on every network. After all, aren't the hackers looking for the ? Cyberark monitors activity and sends warnings when it detects unusual activity.
"I think this is a very smart belt-and-suspenders approach, but if you're more warlike, think of it as a good barbed-wire, machine-gun-turret and claymore-mine approach. Whatever floats your boat," Cramer added.
So, while the numbers are pretty impressive for this cyber play, and Cramer still favors Palo Alto Networks, he would like to wait until the first quarter is completed as a public company before recommending Cyberark as a long-term investment. He recommends that as a trade, it makes sense to buy Cyberark into the weakness over the next week and half before the IPO quiet period ends, and then wait for analysts to roll out the research.
"It's not watertight as Noah's ark, but it might be able to withstand the storm of selling without the stink of those two-by-two animals like bulls, and yes, bears."
Call Cramer: 1-800-743-CNBC
Questions for Cramer? madmoney@cnbc.com
Questions, comments, suggestions for the "Mad Money" website? madcap@cnbc.com