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Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Monday March 1.

Neglected Tech: SanDisk (NASDAQ:SNDK), Skyworks (NASDAQ:SWKS), Apple (NASDAQ:AAPL)

While Cramer was pleased with Monday's rally, which was led by industrials, healthcare and retailers, one worthy sector is being unfairly neglected: tech. He thinks the acceleration of the product cycle in tech makes the lack of investor enthusiasm seem positively counterintuitive. The mobile internet tsunami and the smart phone revolution are "once-in-a-generation" investment opportunities, but The Street doesn't seem to be taking notice. SanDisk (SNDK) preannounced its upside surprise, and Skyworks (SWKS) raised guidance with little fanfare. Apple (AAPL) may seem pricey at $200, but its P/E ratio shows it is a bargain. Cramer thinks it is time to stop neglecting tech, because it is the place to be right now.

Hot Hotels: Starwood Hotels (NYSE:HOT)

Cramer discussed Starwood Hotels' (HOT) almost flawless quarter with its 29 cents per share earnings beat on better-than-expected revenues. This was not just another "great quarter" which was accomplished through mere cost-cutting, but Starwood, owner of Sheraton, Le Meridien and 1,000 hotels in 100 countries, is actually seeing a significant rise on occupancy rates and expects the luxury hotel sector to make a comeback this year. Starwood closed underperforming hotels and opened new properties in strategic areas. The upturn in travel generally means that Starwood can afford to increase its rates. Since 80% of its hotels are overseas, Starwood is a perfect play on the return of business travel and the growth of the middle class in emerging markets. While other hotel companies languished during the recession, Starwood used the opportunity to renovate old hotels and buy new properties. Cramer is bullish on Starwood Hotels.

Mad Mail: Citigroup (NYSE:C), Hain Celestial (NASDAQ:HAIN), Whole Foods (WFMI)

Cramer thinks Citigroup's (C) board reshuffling, with three members of its audit committee stepping down, was "dead wrong," and explained, “These announcements merely acknowledge a shuffling along, moving on with no real accountability. There is no stigma attached to what I see as their behavior of falling asleep at the wheel.”

One viewer wondered if he should hold onto Hain Celestial (HAIN) after its disappointing quarter. He reasoned that since the President is waging a war against unhealthy food, Hain should see some upside. Cramer agreed and thinks Whole Foods' (WFMI) strong performance is a tell on the health of the natural foods sector.

CEO Interview: Chip Johnson, Carrizo Oil and Gas (NASDAQ:CRZO), Transocean (NYSE:RIG), Diamond Offshore (NYSE:DO), Baker Hughes (NYSE:BHI)

Just looking at Transocean (RIG), and Diamond Offshore (DO), it would seem that the oil and gas sector is in a decline with the companies' disappointing numbers, but Baker Hughes (BHI) is experiencing the highest gain in oil rigs in 17 years with a ninth consecutive weekly gain in rig use for natural gas; the total use for rigs is up 28% from last week. "These numbers," Cramer said, "are an indication that the boom in the shales are very real and happening all over the place."

It is best to stay onshore with companies like Carrizo Oil and Gas (CRZO). The company has significant reserves in Marcellus and Barnett shale for natural gas and a 20% year-over-year increase in production for the fourth quarter. JP Morgan valued the stock at $34 in spite of its $24 stock price. CEO Chip Johnson said the secret of his company's success is that it keeps production costs low so it can make money even in a recession. Johnson discussed the company's exposure to oil shale in Pennsylvania, which is likely to be the biggest shale play in the entire country. Cramer says he agrees with JP Morgan's price target for Carrizo and is bullish.

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Source: Cramer's Mad Money - Neglected Tech (3/1/10)