Jim Cramer's Mad Money In-Depth Stock Picks, Oct. 17

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Tuesday October 17.

Staples (SPLS), Office Depot (ODP) and OfficeMax (OMX)

Cramer calls Staples a "freebie" because it is a best-of-breed stock with plenty of room to grow and is trading at a lower multiple than its competitors, ODP and OMX. Cramer doesn't know why Staples is not at a premium price when its margins and growth are better than theirs, and he adds that SPLS has a great management team.

Open Solutions (OPEN) and S1 (SONE)

Investors in Open woke up on Monday $7 a share richer because the company was bought by private equity firms. Cramer suggests looking for "the next Open" and singles out S1 (SONE) which also sells software for banks. Following his rule on not speculating on a takeover unless the fundamentals are good, Cramer says that S1 is a solid company.

A Bear's Eye View

Even though Cramer is bullish on the market, he thinks it is valuable get an idea of the bearish view of things. Bears are worried about the fact that the market is overbought and has climbed in a straight line. Also, the Fed delayed raising interest rates because gasoline was supposed to increase, but now that prices at the pump have fallen and housing is coming back, the bears are worried about the Fed's next move, according to Cramer. There are some who are also concerned about the economy if the Democrats run the House. "The bottom line here is always take some profit somewhere, not because we are getting bearish, but because we're getting practical and prudent," Cramer said.

CEO Interview: Fred Poses, the chairman and CEO of American Standard's (ASD)

Cramer asked Fred Poses to comment on statement by Morgan Stanley analyst Scott Davis that the "quarter is much worse than we were expecting," and there is "no visibility on a turnaround." Fred Poses replied that while performance was below expectations, he does envision a turnaround; "We continue to work on our productivity, and we continue to work on restructuring," Poses said. "The kitchen business is broken, and our job is to fix it."

Related: Last Month, Cramer was bullish on American Standard because of California's new regulations on toilets.

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

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