Jim Cramer's Mad Money In-Depth Stock Picks, Nov 1

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Wednesday November 1.Click on a stock ticker for more analysis:

Comeback Kid:Time Warner (TWX)

Cramer dedicated the first part of his show to celebrating the success of Time Warner, since it accomplished a major turnaround after many people had given up on the company because it was "caught up in too many agendas." Cramer gives the credit to CEO Dick Parsons for the decision to spin off 18 magazines and for making TWX a triple play of digital cable, digital phone and broadband. Cramer interviewed Dick Parsons via satellite, and when congratulated on a great quarter, he replied,"There are 87,000 of my colleagues that did it, and I just have the privilege of leading the company," Parsons said, and discussed three things going on at the company.

First, Parsons said that TWX has the best cable company in the country and that it is "poised to fly." Second, AOL has successfully made the transition from relying on subscriptions to using more advertising, and third, TWX has bought back 16% of the company in 10 months. Cramer asked if activist shareholder Carl Icahn, who has a large stake in Time Warner, wielded influence, and Dick Parsons responded that Icahn encouraged him to listen to other shareholders and was behind the buyback scheme. In regards to the possibility of spinning off Time Magazine, Parsons replied that he would "never say never... The current thinking is we want to manage our costs, make sure we have plans to move our big brands onto the Internet, but we're hanging on to this one." However, he adds that the good content is "finding its way to the internet." Concerning AOL, Parsons commented, "it appeared to be a bold move to say we are going to give up billions of revenues in subscriptions, but we thought it through." Although he acknowledges Warner Bros. has faced some challenges recently, he is prepared for a "gangbuster year." Cramer compares TWX to Comcast when it was at $34 and people had lost their faith in it. "Buy Time Warner," he said. "You will not regret it."

Related: David Jackson reports on Time Warner's online ad revenue growth.

Identity Crisis: Lundin Mining (LMC)

Cramer says that Eurozinc Mining benefited from its "identity crisis" when it merged with Lundin Mining and became LMC. "Lundin Mining has a wider base of assets, which makes it more reliable," Cramer said, adding that it is the "single way to play the single two hottest minerals in the world: zinc and copper." When it joined forces with Lundin, Eurozinc added two mines that produce over 70 tons of zinc, a metal which is going to increase 70% as supply dwindles. The merger should make LMC a "prime takeover target" and Cramer predicts that the stock will go higher than expected.

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

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