Jim Cramer's Mad Money In-Depth Stock Picks 7/5

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Includes: AA, AUQ, CRYFQ, CUP, EZM, YHOO
by: Miriam Metzinger

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Wednesday July 5. Click on a stock ticker for more analysis:

Half Full: Alcoa (NYSE:AA) and Yahoo! (NASDAQ:YHOO)

Cramer thinks there is a good reason to be optimistic and to believe that the market's glass is half-full, since investors no longer assume that the Fed is going to continue raising interest rates from here to eternity. In times of collective anxiety, Cramer suggested cyclical, defensive stocks, but now that the picture looks more rosy, he recommends going for stocks that will grow. He sees this potential in Alcoa, which is scheduled to report earnings on July 10, and is a best-of-breed stock. He is also bullish on Yahoo!, which will give its report on July 18th.

On Speculation: Crystallex (KRY), Northgate Minerals (NXG), Peru Copper (CUP) and Eurozinc Mining Corp. (NYSEARCA:EZM)

Cramer takes a second look at speculative stocks in the current market and suggests selling them when they yield profits. These companies are not long-term, conservative investments that should be held onto for a long time. When a speculative stock doubles, the smart investor should avoid being a "hog" and should sell half of the position. Cramer recommends letting go of, or at least cutting down on, these speculative plays, which are very high.

CEO Interview: Colin Brenner of Eurozinc Mining Corp. (EZM)

Cramer comments that this speculative play has great fundmentals, but that it is up 387% from last year. He says it is too high to buy, but might be a good stock to pick up when it comes down.

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