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Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Tuesday December 3.

Stocks Hate Uncertainty: Apple (NASDAQ:AAPL), China Mobile (NYSE:CHL), Johnson & Johnson (NYSE:JNJ), J.M. Smucker (NYSE:SJM), US Airways (LCC), Yum Brands (NYSE:YUM), Chipotle Mexican Grill (NYSE:CMG), Krispy Kreme (NYSE:KKD)

One thing the stock market does not like is uncertainty. Unfortunately too many people are overly concerned with the actions of the Fed, and there is confusion over whether a good economy is good for stocks or bad for stocks, because, in the latter scenario, the Fed might raise rates. Although auto sales were the strongest in 6 years, the Dow gave up 98 points on "anxieties" over an improving economy. Many stocks are still worth buying, but it is hard to know, given the uncertainty, when they have bottomed. Apple (AAPL) received an upgrade, is probably going to have a strong holiday season, and its deal with China Mobile (CHL) is likely to be a success. Cramer thinks Apple might get hit, and is worth buying on a decline. Johnson & Johnson (JNJ) and the J.M. Smucker Company (SJM) were upgraded, but neither stock moved much. Cramer would be on the lookout for buying opportunities in winning stocks.

Cramer took some calls:

US Airways (LCC) has sold off 10% from its high. Cramer thinks it will head higher.

Yum Brands (YUM) is not a stock Cramer is that enthusiastic about, and Chipotle Mexican Grill (CMG) is a bit pricey, but probably worth it. Cramer thinks restaurants in general are inexpensive.

Krispy Kreme (KKD): "I read through the conference call. I couldn't understand it. KKD is impenetrable. I don't like impenetrable situations."

Hewlett-Packard (NYSE:HPQ) Is A Screaming Buy

Not long ago, Cramer hated Hewlett-Packard (HPQ), but now he loves the stock so much that, based on its fundamentals and its chart, Cramer declared it a "screaming buy." HPQ has risen 93% for the year, is likely to be bought until the end of the year as fund managers want to fill their clients' portfolios with winning stocks, and is worth holding well in to 2014. Technical analyst Ed Ponsi noted that HPQ completed a cup and handle formation, and the MacD indicator is showing a bullish crossover. This appears on both the daily and the weekly charts. Ponsi thinks HPQ could hit $42 from its current level of around $27, but Cramer thinks it can go even higher. Management has been cutting costs aggressively, expanding into enterprise hardware and is benefiting from the downfall of its competitors. Even after its move, HPQ is still cheap, trading at a multiple of just 7.

Michael Kors (NYSE:KORS) vs. Vince (NYSE:VNCE). Other stocks mentioned: J.C. Penney (NYSE:JCP), Aeropostale (NYSE:ARO), Coach (NYSE:COH), Macy's (NYSE:M)

Even amid economic uncertainty, the well-heeled consumer is still out shopping. Michael Kors (KORS), the high-end retailer, has risen 234% since its IPO in 2011. Vince (VNCE), another luxury retailer, spiked 43% on its IPO a few weeks ago, but hasn't done much since. Cramer thinks KORS is the better stock for an investment, although Vince may work as a trade, since it might get analyst coverage starting in January 2014. Kors has more brand awareness, a larger number of stores, ample room to expand and has seen a doubling of its European sales over the past year. Its gross margins increased 60%, up 150 basis points, while Vince's rose 45%. Kors' same store sales rose 23% while Vince's increased 16%. While Kors trades at a slight premium, with a multiple of 27% compared to a 25% growth rate, whereas Vince's multiple is 37% with a 40% growth rate, Cramer thinks Kors deserves to be slightly more "expensive" given its superior brand and fundamentals. Growth bulls may want to buy Vince as a trade, but Kors is an investment for the long term.

Cramer took some calls:

J.C. Penney (JCP) and Aeropostale (ARO) are not retailers Cramer wants to buy. He likes Macy's (M) and Coach (COH).

CEO Interview: Sam Thomas, Chart Industries (NASDAQ:GTLS)

Chart Industries (GTLS) makes equipment to produce liquified natural gas. It also sells storage tanks and has a biomedical division. The stock has rallied 51% for the year, but its past earnings were disappointing and management cut the forecast. The stock has gained 164% since Cramer got behind it in 2011, and Cramer thinks its long-term story is still good. CEO Sam Thomas acknowledged some problems in China, a "pivotal" market for LNG. The North American segment was strong, but LNG is facing challenges with its infrastructure buildout. While the short-term picture for LNG may be spotty, Cramer thinks it will see better times.

Buy Oil Stocks While They Are Cold: EOG Resources (NYSE:EOG), Noble (NYSE:NBL), National Oilwell Varco (NYSE:NOV), Linn Energy (NASDAQ:LINE), Exxon (NYSE:XOM), BP (NYSE:BP)

Everyone likes oil stocks when oil is running higher, but it is a good idea to pick up these oil and gas stocks while they are cold. Cramer likes EOG Resources (EOG), Noble (NBL) and National Oilwell Varco (NOV), which is splitting itself up. Linn Energy (LINE) seems like it will recover and has a generous dividend. Exxon (XOM) reported its first strong quarter in a long time, and BP (BP) seems to be reaching the end of its litigation woes.

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Source: Cramer's Mad Money - Stocks Hate Uncertainty (12/3/13)