Jim Cramer's Mad Money In-Depth Stock Picks 7/6

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Thursday July 6. Click on a stock ticker for more analysis:

King Lear: Lear (LEA)

This value stock, which is close to its 52-week low is "the last man standing in the auto-supply business," according to Cramer. "This is going to be the king of the automotive supply sector." Although this company has been hit, it has some extra cash for acquisitions, and Cramer believes it can create an "auto-supply empire" through consolidation. Lear fell with the rest of the sector, but Cramer believes it is on its way back up.

Hey Jude: St. Jude Medical (STJ)

This producer of heart devices is just above its 52-week low, and Cramer believes that it might have been brought down by Boston Scientific's (BSX) reputation for defective products, although STJ has had no problems with their own devices. Cramer believes that this company is ripe for consolidation, and predicts that Johnson & Johnson (JNJ) could buy STJ, but not in the near future. Cramer likes this inexpensive value stock, because it has a great risk-reward ratio.

Good Luck to Fortune Brands (FO)

This stock has fallen 20 points since September and is down 16% year over year. What crime did this company commit? Cramer believes that the only reason this stock is down is because of the widespread misconception that, because the housing market is down, the home products business should also suffer. However, FO makes faucets and cabinets mainly to the remodeling market and not for new homes. Cramer believes that this stock will go up again because it is in the middle of a 10 million share buyback scheme; "The value here is that management knows how to take care of you if you buy the stock," Cramer said. "It should turn into a house of pleasure from a house of pain as people see its great quarter coming."

CEO Interview: Patrick Daniel, Enbridge (ENB)

Cramer began the interview by asking Daniel how much oil Canada has at $75 a barrel. Daniel replied that Canada is the largerst supplier of crude oil to the U.S., while most Americans believe that other countries, such as Mexico and Venezula are at the top of the list. He adds that people are unaware of this because of the stable relations between the U.S. and Canada; countries with more conflict tend to make the headlines. Daniel also adds that the company has been talking to the Chinese about building a pipeline on the West Coast of Canada and importing crude oil to China. Cramer gives this company two thumbs up.

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