Jim Cramer's Mad Money In-Depth Stock Picks 6/19

Recap of Jim Cramer's radio show on Monday June 19. Click on a stock ticker for more analysis:

Continental Divide (CAL), Boeing (BA) and AAR (AIR)

Cramer is making an exception to his rule of not buying airlines, and is bullish on Continental, because of its solid management, great performance, and the recent Open Skies agreement, which may make it easier for European airlines to acquire domestic carriers. Cramer believes that fuel prices have peaked and that there is less competition among airlines now. Although he is not opposed to unions, Cramer cites the tightening of union activity as another advantage. He recommends CAL as a short-term play, and that one should hold on to it only until the Open Skies initiative goes through.

On a side note, Cramer says that Boeing (BA) is the only aerospace stock he would recommend, and suggests AAR (AIR), which performs aerospace maintenance.

MasterCard (MA) versus Vonage (VG)

Although Cramer discusses these two stocks together, he adds that they are as different as night and day. Both companies had IPOs who were oversubscribed, but MA dealt with the situation well and Vonage failed. Both companies went public around the same time, and on the first day, Vonage fell from $17 to $14, and the next day, it went all the way down to $13. Vonage is also facing patent infringement charges from Verizon (VZ), and is under investigation from the FDC concerning 9/11 complaints. However, Mastercard started at $39 and closed at $46, and although there are some merchants suing MA, Cramer says that this will not hurt the company, which is constantly coming out with new products. Cramer praises MA's move to sponsor the World Cup.

Urban Jungle: Urban Outfitters (URBN)

Cramer suggested staying away from Urban Outfitters, a stock he once touted, because it is on a decline, but is still expensive. He adds that the company is making poor decisions, such as deciding to open new stores when there is an inventory problem. He also feels that URBN is out of touch with current trends, and that the stock could fall lower.

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