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Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Thursday April 15.

6 Bearish Barricades on the Way to Dow 12,000: Caterpillar (CAT), Emerson Electric (EMR), Eaton (ETN), 3M (MMM), United Technologies (UTX), Merck (MRK), Coca-Cola (KO), General Mills (GIS), JPMorgan (JPM), Bank of America (BAC), Wells Fargo (WFC), Goldman Sachs (GS)

Cramer said it is time to bulldoze post 6 bearish barricades that are keeping the Dow from reaching 12,000.

1. The Recovery Is Not Sustainable. Cramer says if that were true, we wouldn't be seeing strong moves in Caterpillar (CAT), Emerson (EMR), Eaton (ETN), 3M (MMM) and United Technologies (UTX), or declines in Merck (MRK) and Coca-Cola (KO), and General Mills (GIS). After 30 years of experience with stocks, Cramer says one rule he will stand by is that a move into industrials and out of "safety stocks" indicates a long-term recovery

2. Housing is Weak. With all the talk about mounting foreclosures and housing woes, JPMorgan (JPM), Bank of America (BAC) and Wells Fargo (WFC) are performing well. This wouldn't happen if the housing sector was bad. In fact, Cramer says there may be a housing shortage in 2011.

3. The Fed Is Going to Raise Rates. Cramer says Fed Chairman Ben Bernanke has given no hints of this, and Cramer believes Bernanke will not raise rates until the recovery is more steady.

4. Stocks Are Trading at Low Volume. Is this news? Even with stocks trading at low volume, the Dow jumped 4,500 points. Low volume hasn't been an impediment so far, why should it be now?

5. Weakness in China and Europe. Doom and Gloom abroad only means things are brighter at home in the U.S where the currency is stable and the growth is real.

6. Regulation of Derivatives. The knee-jerk reaction is that all government regulation is bad for stocks. The banks have actually been going higher since the proposed reforms have been announced, and JPMorgan (JPM), Goldman Sachs (GS) and other big banks are going to be "big winners" from the reforms.

CEO Interview: Daniel Junius, Immunogen (IMGN)

Although Immunogen has been up 36% since November, it was down 2.6% on Thursday, even on the announcement that its essential drug for metastatic breast cancer, T-DM1 may soon get approval from the FDA. The drug is in Phase II and III trials for various indications, and approval of the drug could mean an additional $2.6 billion in revenues for Immunogen. The company has other drugs in various phases of testing for blood cancer, skin cancer and lymphoma. Daniel Junius says T-DM1 could be released as soon as 2011 and could make as much as $2 billion to $5 billion for the company. While the delays require patience, Junius says he takes advantage of the waiting time to market other drugs in Immunogen's pipeline. Cramer commented: "I think that it is promising… no false hope… really pretty good story from a stock point of view."

Pacific Sunwear (PSUN), Hot Topic (HOTT)

While Cramer is bullish on teen retail, one stock has just run too much and doesn't have more upside: Pacific Sunwear (PSUN), which is up 261% percent over last year and has outrun Bebe (BEBE), Aeropostale (ARO) and American Eagle (AEO). Pacific Sun reported a 17% decline in revenues with a "horrible" same-store sales number, down 19%. The company indicated an even larger future same-store sales drop of 13-18%. PSUN has been forced to make dramatic markdowns to move their items off the racks. The company has done some things right, like closing failing stores and expanding its brands, but Cramer says he would have to see a serious turnaround in Pacific Sunwear before he will recommend it. He would sell the stock at its current level; "The easy money has been made here."

Mad Mail: Houston American Energy Corp (HUSA), Anadarko Petroleum (APC), Wal-Mart (WMT), Intel (INTC), Apple (AAPL), WellPoint (WLP), Activision (ATVI), Electronic Arts (ERTS)

Before Cramer proceeded to Mad Mail, he discussed a stock that stumped him during a recent Lightning Round. Houston American Energy Corp (HUSA) is "a very small, very speculative exploration company," which has gotten hammered after a 1000% climb. The fact that a few critical blog posts could bring down the stock so dramatically proves that it is too volatile to own. Cramer likes a best-of-breed play that is easier to follow, like Anadarko Petroleum (APC).

One viewer was deciding between Wal-Mart (WMT) and Intel (INTC). Cramer suggested Intel since "Wal-Mart is a consistent growth story that the market does not like right now… please make that change." Concerning WellPoint (WLP), Cramer said, "I think it is going to have a monster quarter… but nobody cares right now because healthcare is out of fashion… that is usually a good opportunity for the patient people who can wait 3 to 6 months but do not mind sitting out a big run." Cramer told another viewer to wait for a pullback in Apple (AAPL) before buying, since the viewer already has a position in the stock and can let the rest run. Since Playfish, or social media gaming, is "the next big thing," Cramer would buy Electronic Arts (ERTS) instead of Activision (ATVI). He predicts ERTS could be bought by Disney.

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Source: Cramer's Mad Money - 6 Bearish Barricades to Bulldoze (4/15/10)