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Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Thursday January 24.

United Technologies (NYSE:UTX), Avnet (NYSE:AVT), Intel (NASDAQ:INTC), Microsoft (NASDAQ:MSFT), Netflix (NASDAQ:NFLX), InvenSense (NYSE:INVN)

The Dow rose 46 points on Thursday, continuing the upward trend that began in January. One reason for the uptick was the better-than-expected jobs number; employers were holding off hiring at the end of the year because of fears of the fiscal cliff, but began hiring in earnest in 2013. Most industrial stocks are doing well, including United Technologies (UTX), but tech is more of a grey area right now. Intel (INTC) and Microsoft (MSFT) reported mixed quarters, but Avnet (AVT) reported an upside surprise. Cramer thinks that, in the current environment, many stocks are going higher.

Cramer took some calls:

Netflix (NFLX) is a stock that has had a parabolic move; Cramer would take some off the table.

InvenSense (INVN) is a good stock to hold.

CEO Interview: Jim Griffith, Timken (NYSE:TKR)

Timken (TKR) is a great American industrial company that supplies bearings to a host of industries. TKR has been an innovative company with 30% of its products developed in just the past few years. The company reported a 16 cent earnings beat, and although revenue dropped 14%, it was less of a loss than expected. The stock rose 1.7% after earnings, and is up 34.7% since Cramer talked with the CEO two months ago. TKR is still able to thrive, even though its steel factories are producing at just 50% capacity. CEO Jim Griffith explained, "We are not a steel company, we are a technology company." The turn in China has been good for the company, as well as the growth domestically in natural gas production. Griffith says he sees the truck business improving and will see more upside by the middle of 2013.

Apple (NASDAQ:AAPL)

Apple (AAPL) took a 63 point nosedive after management reported earnings. Cramer doesn't think it was the declining gross margins or questions about market share that hurt the company the most, but the arrogance of management, which gave analysts the impression that the company doesn't need to justify itself. Cramer thinks that Apple is resting on its laurels because of its past greatness, and the once-growth company is now becoming more of a value stock; "Perhaps the guys at Apple don't even care." Cramer issued an open memo to Apple: Do something with your cash. Apple could be helped with a buyback, a dividend or an acquisition, but he doesn't see much upside in the stock for the short term.

CEO Interview: Rick Hamda, Avnet

Avnet reported an upside surprise, with an 18 cent earnings beat and a 35% increase in North American sales. The company reported strength even in Europe. While hardware seemed to be doing poorly last year, Avnet has dealt with this headwind. Avnet is seeing improvement in cash flow and a decline in inventories. While one reason for the great quarter was that companies wanted to exhaust their IT spending budgets by the end of 2012, Avnet has enough going for it to make the upside sustainable.

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Source: Cramer's Mad Money - Apple's Arrogance (1/24/13)