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Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Friday May 1.

Don't Let the House Win: Las Vegas Sands (NYSE:LVS), Wynn Resorts (NASDAQ:WYNN), MGM Mirage (NYSE:MGM), International Game Technology (NYSE:IGT)

Cramer said he saw danger coming to gambling stocks early; this is the reason he told investors to sell Las Vegas Sands, Wynn Resorts, MGM Mirage and International Game Technology, and those who followed this advice could have avoided losses ranging from 73-94%. However, the bearish sentiment didn't last forever, and those who bought these same stocks recently have seen gains ranging from IGT's 23% to MGM's 166%. Now is not the time to be greedy and let the house win; Cramer would take some gains.

Scotts Miracle Grow (NYSE:SMG)

The Street punished Scotts Miracle Grow last week for not raising guidance, even though it beat estimates; as a result its stock price fell 12%. Cramer sees this as a buying opportunity and a way to play America's growing interest in gardening. Demand for gardening products has increased 18% since last year. The company is able to keep its raw costs low and sells most of its products at Home Depot and Lowes, stores which will see more business as housing bottoms.

Unattractive Distractions: Google (NASDAQ:GOOG), Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL), Research in Motion (RIMM), Fortune Brands (FO), Black & Decker (BDK), Nordstrom (NYSE:JWN), Kohls (NYSE:KSS), BP (NYSE:BP), Transocean (NYSE:RIG), ConcoPhillips (NYSE:COP), Procter & Gamble (NYSE:PG), Bristol Myers Squibb (NYSE:BMY)

Bad news is surfacing again, but Cramer thinks it is merely a distraction from the real story; the market is recovering. In spite of Chrysler's bankruptcy's, Obama's rhetoric against hedge funds, and delays in the stress test for banks, there is still good news. The consumer is spending, oil, copper and rails are recovering and Cramer sees a bottom in Florida real estate. He discussed cyclical stocks which are performing well: Google, Amazon, Apple, Research in Motion, Fortune Brands, Black & Decker, Nordstrom, Kohls BP, Transocean and ConcoPhillips. However, defensive stocks Procter & Gamble and Bristol Myers Squibb are not performing well, an indication that investors are fleeing safety stocks and are anticipating growth.

Dean Foods (NYSE:DF)

Cramer likes Dean Foods for the short term and the long term. He suggests buying DF prior to its secondary offering. Other companies such as U.S Steel and Northern Trust jumped from 7-13% on a secondary offering and Cramer thinks this is a good way for Dean Foods and investors to make a bit of money. He would also hold on to the stock because it is solving its biggest problem-- its debt--through the secondary offering, cost-cutting, streamlining its work force and closing plants. The company will also benefit from the 50% decline in raw milk costs. The stock is down since Friday because it gave guidance below Wall Street expectations, but Cramer thinks thisdecline is a buying opportunity.

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Source: Cramer's Mad Money - Don't Let the House Win (5/1/09)