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Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Tuesday July 30.

CEO Interview: Paul Hooper, Gigamon (NYSE:GIMO)

Gigamon (GIMO) reported its first quarter as a publicly traded company with great results. This enterprise network play spiked 50% on its first day of trading. Many analysts felt it was too expensive, but the stock rose further after its earnings report. The company's revenues grew 44% year-over-year with an 82% improvement in gross margins. It has the U.S. Supreme Court and the U.S. Army as clients, and manages their data. The company strives to find cutting edge solutions to the problem of overwhelming data. Cramer says GIMO is "the most compelling IPO we've had this year."

Starbucks (NASDAQ:SBUX), DuPont (NYSE:DD), PPG Industries (NYSE:PPG), Cypress Semiconductors (NASDAQ:CY), US Airways (LCC), Rio Tinto (NYSE:RIO), Raytheon (NYSE:RTN), Corning (NYSE:GLW), Potash (NYSE:POT)

A proprietary product is the key to success for many companies. Starbucks (SBUX) is doing well because it can provide a unique experience for the customer, and is innovating by introducing baked goods. PPG (PPG) made the right move by spinning off its more commoditized chemicals, and DuPont (DD) might follow this strategy. Cypress (CY) has been successful because it makes proprietary chips, while fertilizer producers like Potash (POT) are challenged by competition. US Airways (LCC) is benefiting from the increased consolidation in the airline industry.

Cramer took some calls:

Rio Tinto (RIO) is not a stock Cramer wants to buy. He would stay away from metals.

Corning (GLW) is "dead money."

Raytheon (RTN): Cramer recommends those who hold the stock could take profits, but defense stocks should be held or bought.

Where Is Oil Going?

Oil stocks are reeling on the decline in oil. Carly Garner, technical analyst at RealMoney.com, thinks oil can go even lower. Charts show red flags of a larger correction. Garner demonstrates that when oil last reached $115, it saw a huge correction, a $20 decline. The ceiling for resistance for oil has been around $110. If oil goes that high, Garner thinks it will drop back down, especially since oil tends to drop in late summer.

Under Armour (NYSE:UA) vs. Nike (NYSE:NKE). Other stocks mentioned: Zale (NYSE:ZLC), American Eagle (NYSE:AEO), Fossil (NASDAQ:FOSL)

Both Under Armour (UA) and Nike (NKE) are great companies, but whether to buy UA or NKE depends on the goals of the individual investor. UA is a hot growth stock, but it could get punished if it eventually reports a slow quarter. NKE's growth is slower, but it is more consistent. UA reported a 2 cent earnings beat, revenues rose 23% and gross margins improved 250 basis points from last year. UA's stock soared from $61 to $69 after its magnificent quarter. UA is constantly innovating, with sportsgear that reflects heat, and is expanding successfully into footwear. UA still is mainly a domestic company, and it has the potential to expand globally. Nike, however, has "been there done that" in terms of expansion. Still it is a strong stock for the conservative investor, trading at a multiple of 18 with an 11% growth rate, compared to UA's rather rich multiple of 37 with an aggressive 21% growth rate.

Cramer took some calls:

Zale (ZLC) has had a huge gain. Cramer would take profits.

American Eagle (AEO) is in the teenage retail segment, and given how quickly teenagers change their minds about what is "cool," it is tough to game this sector.

Fossil (FOSL): "The inconsistency of this company drives me crazy." Cramer would stay away.

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Source: Cramer's Mad Money - The Most Compelling IPO So Far This Year (7/30/13)