Jim Cramer's Mad Money In-Depth Stock Picks, Oct. 31

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Tuesday October 31.

Hansen Natural (HANS), Tootsie Roll (TR) and Hershey (HSY)

Cramer called Hansen a "haunted house stock" and commented that, "There's nothing more scary and terrifying than a momentum stock that has lost its momentum ... Momentum stocks don't generally come back from the dead." He is unimpressed by this producer of premium drinks because in a blind taste test he said he couldn't tell difference between brands. In addition, there are questions about the safety of energy drinks and Cramer is concerned the medical companies will be against these products. Since Hansen got its "head chopped" last quarter and has only gone up two points, Cramer would sell the stock. On a side note, Cramer told a caller to switch from Tootsie, which is up, to Hershey, which is at its bottom.

Related: Clyde Milton comments that inflated expectations led to Hansen Natural's fall last quarter.

Companhia Vale do Rio Doce (RIO), Inco (N), BHP Billington (BHP) and Rio Tinto (RTP)

Cramer recommends looking to Brazil for good stocks since the country is enjoying high growth and has a solid economy. He is bullish on CVRD which recently acquired Inco, a Canadian mining company. Although many people thought CVRD overpaid for Inco, Cramer believes this deal should be "celebrated" and noted that CVRD's estimates for the coming year are too low. He likes CVRD better than BHP and RTP and suggest buying some within the next month since it will double.

Related: Mick Weinstein discusses the importance of paying attention to Latin American stocks.

EastGroup Properties (EGP), Toll Brothers (TOL), KB Home (KBH), and Pulte Homes (PHM)

Cramer told a cautionary tale about excessive negativity, demonstrating that "it's more responsible to be positive on progress." As a hedge fund manager Cramer had been shorting EGP which has gone up 742% from its low in 1990 and is "one of the best-performing stocks I've ever seen," admits Cramer. He recalls thinking that housing would never come back up and continued his short position as EGP fell from $14 to $6, but he would have made more money if he had anticipated a comeback. Cramer says that the same story is happening again in housing, and those who are short on TOL, KBH and PHM will get "rolled over" unless they get bullish.

Related: Marc Gerstein says its time to start looking beyond the housing slump.

CEO Interview: G.J Hart, Texas Roadhouse (TXRH)

When Cramer asked him why people are cutting numbers, G.J Hart responded, "We did have a good quarter, but we did lower our guidance at the end of the second quarter because of $3 [per gallon] gas prices and interest rates, and the whole market seemed to slow down." In addition, he mentioned that the TXRH will open more company an franchise stores and that low prices are benefiting the company; "We like to think we are in a sweet spot, which is the value proposition with just a $14 check average for dinner only, and it works out well for us," Hart said. Cramer notes that TXRH has bottomed and sees it heading back up.

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

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