Jim Cramer's Mad Money In-Depth Stock Picks, Nov. 8

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Wednesday Nov. 8. Click on a stock ticker for more analysis:

Mastercard (MA), Capital One (COF), Fannie Mae (FNM), Apple (AAPL) and Cisco (CSCO)

Although Cramer notes that Democrats have historically been better for consumers than investors, his advice for those who are tempted to "freak out and stay out" of stocks is not to worry, since the Democrats won't affect corporations that much. To explain why there was a rally on the news of the Democratic sweep, Cramer discusses his Big Bad Event theory, which says that once an event happens, the market acts normally again. Those who have oil, pharma and defense stocks need to keep an eye on Washington, suggests Cramer, although Mastercard, which Cramer expects to go up, will not be affected and neither will Capital One, which Cramer says is "very cheap." Also, "The Democrats love Fannie Mae, so this stock is going to take its anointed status," Cramer said. He also likes Cisco and Apple, which he thinks will move to $100 by the holidays.

Related: Rob Black discusses Fannie Mae's settlement agreement.

CEO Interview: Mel Karmazin of Sirius Satellite Radio (SIRI)

Cramer called SIRI a high growth stock, and asked Mel Karmazin how he lowered his acquisition cost by 23%. "It's what we said would happen," Karmazin said. "As we get more and more volume out there and subsidies go down, we're very much on track to get it down." When asked about Howard Stern, Karmazin said that Stern brought subscriptions up from 600,000 to 5.1 million. He added that Nascar "is a very big deal" and it "starts in January and will last for five years ... We think it is a big driver, and coming off the holiday season, it will be a big catalyst for the company." Although Karmazin expects the holiday season to be a "gangbuster quarter," he says that the company will have to work hard to reach its number. Finally, when Cramer asked Karmazin the burning question he has repeated in many of his shows: Will Sirius merge with XM Satellite Radio, (XMSR)? Karmazin replied that while "there is value creation" in such a merger, he would rather focus on long-term growth at Sirius. "We don't need to do a deal, and don't know if we ever will do a deal," he said.

Related: John Liss reports that Karmazin is confident about beating its main competitor, XM Satellite Radio • Cramer urged Karmazin to merge with XMSR.

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

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