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Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Monday October 21.

Apple (NASDAQ:AAPL) Is An Overlooked Stock. Other stocks mentioned: Visa (NYSE:V), Priceline (NASDAQ:PCLN)

What is a cheap, overlooked stock that is worth buying when other stocks are rallying? Believe it or not, it is Apple (AAPL), which has risen 8 points recently, but is down for the year. It has a bargain basement multiple of 12 and was upgraded on improved iPhone sales, strong gross margins and its success at re-capturing market share. "More things can go right than wrong with Apple."

Cramer took some calls:

Priceline (PCLN) is "the world's way to travel," and the stock is likely to rise.

"Visa (V) is on fire and going higher."

CEO Interview: David Cote, Honeywell (NYSE:HON)

Honeywell (HON) reported what was seen as a disappointing quarter. It beat earnings by one penny but cut revenue forecasts because of cuts in defense and aerospace. The stock fell $2. Is the quarter a red flag or a buying opportunity? The stock has performed well this year, rising 41% since Cramer last spoke to CEO David Cote last November. Cote said half of the sales miss was due to a deal that was expected to close by a certain date. The deal is still on schedule, but it has been delayed slightly. Another factor that has hurt Honeywell was the government shutdown. In addition, Cote admitted that there was some delay in sending shipments, but the problem has been solved and is "not a cause for concern." Organic growth was in-line at 3%, and commercial aerospace and refining technology were strong areas for HON. Residential construction is getting stronger, but Cote thinks the comeback in this sector will be gradual. Cramer agreed with Cote when he predicted shareholders "are not only going to be glad they held the stock, but they will say 'I should have bought more.'"

Great And Not So Great Expectations: General Electric (NYSE:GE), Stanley Black & Decker (NYSE:SWK), Lockheed Martin (NYSE:LMT), Veeva (NYSE:VEEV)

How could General Electric (GE) roar 5.9% in two days, after reporting flat earnings per share and a decline in revenues? Cramer noted GE trades on expectations and not on earnings. Other numbers were strong, including a rise in sales, a 19% increase in orders, a significant improvement in Europe and margins up 120 basis points. There was an absence of bad news from GE's flawed capital business. GE had been performing poorly before this quarter, and it might be on the brink of a turnaround. Stanley Black & Decker (SWK) reported a disastrous quarter and slashed estimates. Tools were weak and SWK management led the street to believe things were better than they were previous to the earnings report. GE could go to $30. SWK should break itself up.

Cramer took some calls:

Lockheed Martin (LMT) has some worried because Honeywell signaled defense was not so strong, but Cramer thinks it is inexpensive and it should be bought.

Veeva (VEEV) is a fabulous cloud play, has great customer relations management. It has the services pharmaceutical companies need in order to cut costs.

Crown Castle (NYSE:CCI), American Tower (NYSE:AMT), Other stock mentioned: AT&T (NYSE:T)

The tower business is an oligopoly with few competitors buying assets from wireless companies. While American Tower (AMT) is a decent company, the buy in the space is Crown Castle (CCI), which just purchased a significant amount of towers from AT&T (T). More wireless carriers are selling towers to raise money, and CCI management said that there is an "unprecedented level of visibility" in terms of earnings. CCI's stock got hit because it is doing a secondary offering. Cramer would take advantage of this weakness and buy the secondary. The company will become a REIT next year and is likely to raise its dividend. While it trades at a high multiple of 49, its growth rate is a robust 45.6%

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Source: Cramer's Mad Money - Apple Is An Overlooked Stock (10/21/13)