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Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Wednesday October 4. Click on a stock ticker for more analysis:

Four-for-Four: Tupperware (TUP), Washington Mutual (WM), Alaska Communications Systems (ALSK), and AT&T (T)

Cramer dedicated his program to playoff season with his four-for-four choosing four stocks with a dividend of 4% or higher. He stressed the importance of dividends, especially following a speech from Fed chairman Ben Bernanke which indicated that he might cut interest rates. Although Cramer conceded that TUP is "perhaps one of the most boring stocks in the universe" it pays a 4.5% dividend and its estimates are low. WM has a yield at 4.8%, is selling at 10 times earnings, is buying back stock and Cramer says that WM is worth picking up even though its operating margins are declining. He also sees the solid performance of Countrywide Financial (CFC) as boding well for WM. Cramer calls ALSK "one of the best growers (12%) with one of best yields (6.5%)." Although AT&T has "terrible margins" Cramer believes that this problem will be corrected with the completion of its merger with Bell South (BLS), and he notes that AT&T is a 9% grower with a 4.1% yield and is a great core holding.

Related: Investopedia Advisor praises AT&T's Bell South acquisition.

I Say Yamana (AUY), You Say Humana (HUM)

On a special "Homonym Time with Cramer" segment, Cramer demonstrated how two similar-sounding stocks "capture the spirit" of the current market. Bullish investors who feel certain that interest rates are going to be cut and are not worried about inflation would choose Humana, a "classic growth stock" according to Cramer who notes that it has done well with the GOP health care plan. However, if the Democrats take the House, Humana holders are in trouble and those who are more bearish should pick up Yamana which is 30% from its high, trades at 6.3 times next year's earnings and is "the cheapest and best-of-breed of gold stocks." However, Cramer decribes himself as bullish and therefore a Humana-type.

Related: Goldguru reluctantly agrees with Jim Cramer's assessment of Yamana.

Mad Mail: Level 3 Communications (LVLT) and Quest Communications (Q):

When asked by one if his viewers how to invest when the market is close to a record high Cramer responded that it is best to buy some of a position right away and the rest later on. He cited LVLT and Q as two stocks that work well both as an investment and a trade.

More: Cramer's latest stock picks, including: Mad Money Recap, Lightening Round, Stop Trading and his Radio Show.

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Source: Jim Cramer's Mad Money In-Depth Stock Picks, Oct. 4