Jim Cramer's Mad Money In-Depth Stock Picks 5/8

Includes: AIQUF, AL (defunct), AMFW, BA, BHP, HAL, NBR, NICE, NSTC, NUE, OXY, PH, TMY

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Monday May 8.Click on a stock ticker for more analysis:

● The 'new secular growth stories' are infrastructure and industrial -- here, according to Cramer, are the ones to buy:

Nucor (NYSE:NUE)
Parker Hannifin (NYSE:PH)
Boeing (NYSE:BA)
Foster Wheeler (FWLT)
BHP Billiton (NYSE:BHP)
Halliburton (NYSE:HAL)
Nabors (NYSE:NBR)
Occidental Petroleum (NYSE:OXY)
Alcan (AL (defunct))

● Following Warren Buffett's acquisition of 80% of Israeli Iscar Metalworking, here are two US-traded Israeli companies to own:

NICE Systems (NASDAQ:NICE) -- Recording, monitoring phone calls; intelligence products; good balance sheet, no debt and growing revenue; expadning margins every year

Ness Technologies (NASDAQ:NSTC) -- Software outsourcing; network security integration and consulting; strong track record; earnings last quarter were in-line and reaffirmed its yearly guidance; stock fell after earnings and now offers opportunity to buy 'on the cheap'.

Editor's note: More on Buffett's Israel purchase from SA contributors Michael Eisenberg and John Bethel.

● In the wake of Dick Cheney's trip to Central Asian Kazakhstan, Cramer suggested looking closer at Transmeridian Exploration (TMY), 'a company that has really lagged the rest of the oil patch because investors have been so afraid of instability in Kazakhstan.' Facing 'super easy' challenge of beating last year's numbers, which could jolt the stock higher given the Vice President's interest in the nation.

Airgas (ARG) -- CEO interview; After reporting 'decent quarter', the stock has retreated; Cramer asked CEO Peter McCausland if this was due to higher raw costs, but McCausland said he has a more favorable pricing environment at present, with the company's ability to extract oil from older wells and strong industrial demand. Cramer called Airgas 'one of the new secular growers'.