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Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Wednesday June 10.

Panic Trade: Radio Shack (NYSE:RSH)
Radio Shack is a panic play on Friday’s transition from analog to digital television. Those who haven’t bought converters yet are going to want to run out and buy them, and while Best Buy is a better store, “Radio Shack is the go-to place for electronics emergencies, and that’s just what Friday’s looming deadline is.” Analysts are showing this stock no love, and there is only one buy rating on Radio Shack, but Cramer expects analysts to upgrade Radio Shack early in the week. Cramer told viewers not to pay more than $15 for the stock and to get out of Radio Shack as soon as profits are made, since this stock is worst-of-breed. He urged viewers not to turn this trade into an investment.

Palm (PALM). Apple (NASDAQ:AAPL), Research in Motion (RIMM), Starent Networks (STAR-OLD), Skyworks Solutions (SKWS), RF Microdevices (NASDAQ:RFMD), Texas Instruments (NASDAQ:TXN), AT&T (NYSE:T), Sprint Nextel (NYSE:S), Verizon (NYSE:VZ), Qualcomm (NASDAQ:QCOM), Amazon (NASDAQ:AMZN)

Cramer says there is a new product cycle approaching which will be as big as the transition from snail mail to e-mail. The rise of smartphones is no surprise, but the fact that these devices are becoming indispensable is something new. It seems almost impossible to function nowadays without internet in the palm of your hand, and saturation is a long way away. The pioneers in this industry, Palm, Apple and Research in Motion, are still performing well, and companies that make parts and chips such as Starent Networks, Skyworks Solutions, RF Microdevices and Texas Instruments are benefiting enormously from the trend. Phone companies Sprint, Verizon and AT&T continue to build out their wireless networks to keep pace with the trend. Cramer’s favorite play on the move to wireless is Qualcomm, the mastermind behind wireless technology. He also thinks Amazon.com is a stock to watch because of its Kindle e-book reader.

CEO Wall of Shame: Lewis Campbell, Textron (NYSE:TXT), Chesapeake Energy (CKE), Kraft (KFT)

Cramer received a storm of e-mails nominating CEOs for a place on the infamous Wall of Shame. Among the most popular nominees was Aubrey McClendon, who bought shares of his own company on the margin and was forced to sell most of his shares back. However, the company was performing rather well, and was up 1, 698% since the company’s IPO in 1993. Kraft Foods Irene Rosenfeld was also nominated, but Cramer doesn’t think her performance was poor enough to deserve a place on the wall, since the stock is down only 17% since she took the helm in 2006 and the S&P 500 is down 25% since then. Bob Nardelli was also mentioned, but he has left Home Depot, where he did the most damage, and can’t do anymore harm at Chrysler.

Cramer’s new inductee to the CEO Wall of Shame is Lewis Campbell, who has seen Textron’s stock price fall 69% since he took the reins. He has continued to cripple the company with dilutive share offerings, increased debt and bought back shares at high prices.

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Source: Cramer's Mad Money - The Best Worst-of-Breed Trade (6/10/09)