Jim Cramer's In-Depth Stock Picks 6/15

Recap of Jim Cramer's radio show on Thursday June 15. Click on a stock ticker for more analysis:

Cheap Commodities: Nucor (NUE), Freeport-McMoRan (FCX) and Allegheny Technologies (ATI):

Thursday's upswing means that it is safe to look at commodities stocks once again, according to Cramer, who says that the best companies have "hidden value," and give special dividends to their stockholders. New Orleans-based FCX, which has the world's largest gold mine along with concentrates of gold and silver, has paid $2.25 in special dividends. FCX, says Cramer, is cheap for a company with a huge supply of metals. Nucor, which manufactures and sells steel, gave $1.50 in dividends and has $2.22 billion in cash, and a portion will be used back stock. However, not all special dividend stock is created equal; China's Cnooc (CEO) will adopt this practice, but Cramer reports that it is up 13%, is too expensive to buy.

On a side note, Cramer gives ATI one thumb up, since it produces steel used in aerospace, a sector he likes.

Make Money In the Poorhouse with Ralcorp Holdings (RAH), Perrigo (PRGO) and Dollar Tree Stores (DLTR):

In spite of Thursday's gains, many investors are concerned that a hard landing may come eventually, and Cramer suggests that, in this situation, it is a good idea to invest in companies that produce low-cost products. Ralcorp produces cheaper versions of popular food, reported a solid quarter, and Cramer recommends this stock for hard times. Perrigo is the largest generic drug producer in the world, and is coming out with a cheaper version of GlaxoSmithKline's (GSK) Nicorette gum. Cramer recommends Dollar Tree as the best of the dollar stores.

Borrowed Time (and Money): Nabors Industries (NBR) Amgen (AMGN) Symantec (SYMC) :

Cramer likes it when companies buy back their own stock, but not when they borrow money to do so, a practice which he describes as "the kiss of death," since the stocks usually get hammered afterward. NBR and AMGN have already done this and SYMC is preparing to join them. Cramer also warned investors to stay away from companies that issue convertible bonds. These bonds turn into stocks if there is an appreciation in value, and are bad for shareholders.

CEO Interviews: Intermagnetics General (IMGC) and Caci International (CAI):

Glenn Epstein, CEO of IMGC, discusses how the company's acquisition by Royal Philips was beneficial to everyone involved, "Our numbers have been great in all my six years as CEO," Epstein said. "But as the medical-device sector went out of favor, we went with it."

Cramer also spoke with Jack London, CEO of Caci International (CAI), a technical services company which specializes in defense. Jack London discussed how Caci saves the army money by reducing continous cost and that the company has just signed the biggest contract in the industry.

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