Jim Cramer's Mad Money In-Depth Stock Picks 6/13

Recap of Jim Cramer's radio show on Tuesday June 13. Click on a stock ticker for more analysis:

Cold Pick: Carrizo Oil & Gas (CRZO) - Cramer suggest that in this market investors should look for ice-cold sectors that others avoid. Natural gas, which is trading at the lowest gas-to-oil ratio in recent memory, fits this description. He notes that natural gas has a great risk-reward factor, since a harsh winter brings natural gas up four points, while a mild winter will reduce it by only one point. Based in Houston, Carrizo is Cramer's pick as the best natural gas buy. The company is a player in Barnett Shale, a source bedrock which produces natural gas through bacterial breakdown. As of 2005, the company had 106 gas and oil wells. Cramer warns against Cheniere Energy (LNG), and producers of liquefied natural gas in general, since he doubts that their terminals will be built.

Hitting Bottom with Reader's Digest (RDA) - On Monday, Cramer suggested looking for stocks that have bottomed, and includes Reader's Digest in this category. Although he cautions that one can never be 100% sure if a stock has hit the lowest point, Cramer adds that if RDA will not exceed its current 52-week low by more than a few cents. He believes that the stock will rise again because of RDA's solid management, name recognition, improved cash flow, and the fact that RDA doubled its dividend. Although stock holders are currently unhappy with RDA's value, Cramer predicts improvement, especially if it sells its Books Are Fun division.

Concerning other media, Cramer does not like New York Times (NYT), because of its dual ownership, but recommends CBS (CBS), Disney (DIS), News Corp (NWS) and Comcast (CMCSA).

Cash Cows: Apple Computer (AAPL), Cnooc (CEO), Schering-Plough (SGP) Sears Holdings (SHLD), and Deutsche Telekom (DT) - Cramer likes these companies because they have a lot of cash, and can buy back plummeting stock and protect themselves against selloffs. Although there are a few exceptions, such as Gateway (GTW), Cramer prefers cash stocks.

CEO Interview: Tim Newkirk of MGP Ingredients (MGPI) - Cramer discussed how this market has turned its back on speculative stocks, and although MGPI is not hot right now, it is still making money. In addition to producing food ingredients, MGPI has a distillery division, whose fuel-ethanol segment is successful. Newkirk comments that the industry has always fulfilled demand requirements, money can be made in this sector, but it is a bit overhyped right now. Cramer concluded that he liked MGPI as a speculative play better than Archer Daniels Midland (ADM), "at these prices."

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