Jim Cramer's In-Depth Stock Picks 7/11

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Tuesday July 11. Click on a stock ticker for more analysis:

The Rest of the Story: Walgreen (WAG), CVS Pharmacy (CVS), and Rite Aid (RAD), Sunrise Senior Living Inc. (SRZ)

When looking at potential investments, Cramer warns that one should not just do homework on specific stocks, but to look at the business cycle. He gave the example of Walgreen, which was getting hammered last March regardless of its great numbers. When the Fed raised interest rates on May 11, WAG bounced. Cramer believes that WAG isn't finished rising and could see a jump of 10-20%. He noted that the same thing is happening with CVS and RAD; when the economy slows, investors jump into food and drug stocks. On a side note, Cramer touted SRZ as a defensive stock which has great potential as the baby boomers age.

The Decline of Mines: Freeport McMoran (FCX) and Eurozinc Mining Corp (EZM)

Cramer expects FCX to report a solid quarter, but predicts that the stock will go down, because hedge and mutual funds will dump the stock. He says that mines do not do well in the current business cycle. However, he suggests that once FCX falls 5-10 points, that smart investors may want to pick it up again, since it is likely to receive a takeover bid. Cramer also likes EZM as a speculative play once it goes down, but prefers FCX.

Defenseless Techs: Apple (AAPL), Broadcom Corp. (BRCM), Marvell (MRVL), Sandisk (SNDK), and Rackable Systems Inc. (RACK)

Cramer suggests cashing in on small tech rallies, like the one on Tuesday, by taking some tech off the table. He discussed Apple, a company with great potential, which is coming out with digital cameras, iMovies, mobile phones, and will benefit from the delay in Microsoft's (MSFT) new operating system. However, he is not bullish on Apple and other tech stocks because they are defenseless; without dividends, buybacks and takeover prospects, there is nothing to cushion the blow when they get hit.

CEO Interview: Yvon Pierre Cariou, Dynamic Materials (BOOM)

Cramer comments that although BOOM is high, it is not a large capitalization company, and it has room to grow, even though the economy is sluggish.

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