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Stocks discussed in the in-depth session of Cramer's Mad Money TV Program, Wednesday December 9.

Invest in America: Honeywell (NYSE:HON) with CEO Bob Cote

Continuing his "Invest in America" series, Cramer interviewed Bob Cote, CEO of Honeywell (HON). The company's share price is up 23% since Cote took the helm in 2002, compared to a 0.6% rise in the S&P 500. Cote said he developed strategies to protect the company as soon as he sensed a recession was coming; Honeywell was profitable last quarter in spite of a 10-30% drop in demand.

Bob Cote spoke with President Obama at the National Energy Summit, and emphasized the importance of developing energy resources domestically and job creation, which can be aided by the implementation of new technology. Those who say cap-and-trade is too expensive need only to look at the Clean Air Act, which benefited American business as well as the environment.

The initial push towards energy efficiency needs to come from the government because there is little incentive for alternative energy investment in the private sector. In the best case scenario, returns are not seen in energy efficiency projects for three years, and it is in the interest of utility companies to please the landlords and not the tenants, who actually save money when they save energy. Bob Cote says that while solar and wind power have received a lot of attention, there needs to be more support for the development of biofuels and natural gas.

Cramer endorsed Honeywell and praised its energy efficient solutions.

Apple (NASDAQ:AAPL), Google (NASDAQ:GOOG), Amazon.com (NASDAQ:AMZN), Intel (NASDAQ:INTC), Best Buy (NYSE:BBY), IBM (NYSE:IBM)

"Today was a perfect example of why you should love, not fear, market pullbacks," said Cramer, who was pleased that market leaders were back out in front today after he advised buying on declines. He said this proved his principle that buybacks are opportunities not reasons to fear; Apple (AAPL) declined 10% 5 times in 2009 and bounced back every time. Cramer recommended buying Apple, Google (GOOG), Amazon (AMZN), Intel (INTC), Best Buy (BBY) and IBM (IBM).

CEO Interview: John Sherman, Inergy (NRGY)

Cramer discussed propane stocks a week ago, and recommended companies in this sector for their substantial growth prospects and generous dividends. While John Sherman admits his business is partially dependent on the weather, much of the propane gas is used for cooking and heating water. The company is also recession-resistant and propane is needed regardless of the economic climate.

Sherman said Inergy's gas storage and transportation business is picking up thanks to the increased mining of Marcellus Shale in the Northeast. Efficient storage of gas is a challenge, and Sherman says the company is working on making more facilities available. He sees a strong potential for acquisitions since 60% of the propane business is in the hands of smaller companies.

Cramer praised Inergy and its management and noted investors could double their money in only nine years on the strength of the dividend alone.

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Source: Cramer's Mad Money - A Taste of Honeywell (12/9/09)