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Stocks mentioned on the in-depth session of Jim Cramer's Mad Money, Thursday December 5.

CEO Interview: George Jones, Texas Capital Bank Shares (NASDAQ:TCBI)

Texas is coming back and may be bigger than ever with the boom in oil production. One beneficiary of this trend is Texas Capital Bank Shares (TCBI). Many of TCBI's clients are wealthy individuals and entrepreneurs, and it also lends to other banks. Although TCBI reported an earning miss, other numbers were strong; it is growing at a rate of 10%, deposits grew 33% year over year and the stock jumped 12.4% on the news. CEO George Jones discussed his goal of concentrating efforts mainly in Texas, which is seeing a comeback. He noted that people are buying more homes, and the state is very business friendly with no state income taxes. Consumer businesses are growing in the state along with oil and gas. When asked how interest rates will affect his bank, Jones explained that if rates are low, TCBI does fine in a low interest rate environment, but will perform even better when rates are higher.

Battle Plan For the Jobs Report: Citigroup (NYSE:C), Morgan Stanley (NYSE:MS), JPMorgan (NYSE:JPM), General Motors (NYSE:GM), General Electric (NYSE:GE), Boeing (NYSE:BA), Dupont (NYSE:DD), Paychex (NASDAQ:PAYX), Apple (NASDAQ:AAPL). Other stocks mentioned: Tiffany (NYSE:TIF), Precision Castparts (NYSE:PCP)

The Dow was down for its 5th straight day, and fell 68 points. The market is still in "good news is bad news" mode with the anticipation of the jobs report. If employment is strong, there could be fears of higher interest rates, which makes bonds look more attractive and causes investors to sell stocks. However, higher interest rates are good for some stocks. Banks such as Citigroup (C), Morgan Stanley (MS) and JPMorgan (JPM) should be bought on a decline. General Motors (GM) benefits from higher interest rates, because they ease the pension liability burden. General Electric (GE), Boeing (BA) and DuPont (DD) have similar issues in this respect to General Motors. Paychex (PAYX) will perform well if hiring is strong, companies like Apple (AAPL) can make more out of their investments in a high rate environment, and companies that have generous buybacks will also profit from higher rates.

Cramer took some calls:

Tiffany (TIF) is too expensive, especially after Goldman Sachs recommended it after it has had a big run.

Precision Castparts (PCP) is a buy because of the high demand for Boeing's Dreamliner; PCP is a major partner of Boeing's.

The Hilton (NYSE:HLT) IPO. Other stock mentioned: Starwood Hotels (NYSE:HOT)

2013 has been a strong year for IPOs, with 210 initial public offerings that rose an average of 20%. The hotel business has been strong and will get even stronger with an improving economy. Hilton (HLT) is the largest hotel company on the globe, with many brands in its portfolio. Hilton is expected to price between $18 and $20 on its first day of trading, and Cramer would recommend getting in on the deal, because he expects a first day pop. Cramer has confidence in Blackstone, the private equity firm underwriting the deal. He would not pay more than $26 for the stock in the aftermarket. The best way to determine the valuation of hotels is through the enterprise multiple. According to this metric, Hilton deserves to trade at a premium. If Hilton gets too expensive, Cramer would buy Starwood Hotels (HOT), especially since it has huge international exposure with 60% of its rooms located outside of North America. Starwood could take that percentage up to 80% with aggressive expansion into China. Starwood saw a 5% increase in revenue per room in the past year, while Hilton is in-line. Cramer reiterated that he would not pay more than $26 for Hilton, and at that point, Starwood is the better buy.

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Source: Cramer's Mad Money - Don't Mess With Texas Capital Bank Shares (12/5/13)