Jim Cramer's Mad Money In-Depth Stock Picks 6/9

Recap of Jim Cramer's radio show on Friday June 9 . Click on a stock ticker for more analysis:

Getting Defensive: Hershey (HSY), McCormick (MKC), Kellogg (K) - Cramer suggests these stocks in case the Fed raises interest rates again and creates a "hard landing" economy. He notes the strong performance of these companies after the interest rate hike in 2000-02, and praises Hershey for its management and growth. He singled out Kellogg as the most dependable of the group.

Drugstore Saftey: Schering-Plough (SGP), Novartis (NVS), Sanofi-Aventis (SNY) Johnson & Johnson (JNJ) - Cramer points out that in a recession drug stocks tend to do well, because "You don't stop taking your medicine or buying Band-Aids, even if the economy goes down." The first three stocks have patent-protection, which Cramer likes, as it prevents competition from generic brands.

Pharm Spotlight: GlaxoSmithKline (GSK) - GSK has just made the highest bid, $15 billion, on Pfizer's (PFE) consumer unit. If the deal goes through, GSK will add Listerine, Sudafed and Lubriderm to its current successful product list which includes Tums, Sensodyne and Aquafresh. Cramer also cites a New York Times article which states that GSK is the leader when it comes out with a patent on prescription drugs, and that the company is very skilled at creating over-the-counter versions of popular medications. Based in London, this company will be less affected by the Fed, and, since it has taken a hit recently, Cramer believes that GSK is a good buy.

More: Cramer's latest stock picks, including: Mad Money Recap, Lightening Round, Stop Trading and his Radio Show.