Jim Cramer's Mad Money In-Depth Stock Picks 7/19

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Wednesday July 19. Click on a stock ticker for more analysis:

Selling Out: VF Corp. (VFC), CSX (CSX), General Mills (GIS), Altria (MO), Pepsi (PEP)

The Dow went up 212 points on Wednesday, and Cramer attributes this not to renewed hopes, but to the fact that the market was oversold. Cramer admitted to feeling disillusioned himself when he first looked at the charts, but commented that the panic-sellers lost money. He noted that VFC and CSX were up, and that GIS, MO, PEP were being sold rapidly, and are good buys.

Testing Industrials: Grainger (GWW), 3M (MMM), and United Technologies (UTX)

Before the rally on Wednesday, industrials were taking a hit, except for UTX; Grainger had fallen 12 points, and 3M got hammered upon warning on its quarter. Cramer outlined a four-point checklist to evaluate whether or not an industrial stock is a good investment.

1. It has to do business in BRIC (Brazil, Russia, India, China) countries
2. It is levered to bull markets ( for example, UTX is connected with defense, aerospace, infrastructure and commercial real estate)
3. It should have a good outlook
4. It should be buying back stock

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