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Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Wednesday May 12.

5 Marine Generals: Apple (AAPL), Deckers (DECK), Salesforce.com (CRM), Intuitive Surgical (ISRG), Chipotle Mexican Grill (CMG)

Investors were cheered by the Dow's rise of 149 points on Wednesday, and Cramer gave credit to five "stratospheric growth stocks" which are "marine generals...swift, quick punching forces that blaze a trail for others to follow": Deckers (DECK), Apple (AAPL), Salesforce.com (CRM), Intuitive Surgical (ISRG) and Chipotle Mexican Grill (CMG).

Deckers is the strongest grower in a hot industry; when it comes to retail, shoes are all the rage. International sales are up 21% over last year, the long term growth rate gained 22% and the stock price rose 159% since last year.

Apple is "the greatest company of our era," enthused Cramer, who said it is the best way to play smart phones. Apple's long term growth rate is 17%, but Cramer thinks this number is too conservative, and its stock price is up 111% since last year.

Salesforce.com is "the best software company on Earth," with a long-term growth rate of 29%, and a 116% rise in stock price since last year.

Intuitive Surgical has a 24% long-term growth rate and is up 126% for the year, although it trades at "an absurdly high multiple." Cramer would wait to buy.

Chipotle Mexican Grill is going international and is serving up a 20% growth rate along with its healthy, tasty food.

While Cramer thinks some of these stocks are too high right now to buy, they are driving forces behind the rally and should continue their paths upward.

CEO Interview: Andrew Littlefair, Clean Energy Fuels (CLNE)

Cramer owes T. Boone Pickens $100; the famed energy investor bet Cramer that prior to Memorial Day, the government would propose energy reforms that would benefit the natural gas sector. Under the proposed climate bill, incentives that encourage the use of 18 wheelers to run on natural gas will be doubled and lengthened. Andrew Littlefair, CEO of Clean Energy Fuels (CLNE) predicts he will see these incentives, which "will accelerate business," in place within the year.

Even if the incentives are revised, Littlefair says his company "will be in the final product, and CLNE is growing stronger by the day. The pipeline for new natural gas filling stations has doubled, and Littlefair expects the fuel to gain in popularity because it is 83% cleaner and produces 25% less greenhouse gas. In addition, the adoption of natural gas as a bridge fuel will create hundreds of thousands of new jobs.

Cramer said Clean Energy is "one of my favorite plays on the industry."

CEO Interview: Brian Roberts, Comcast (CMCSA)

Comcast (CMCSA) is "the best I've seen it in years," said Cramer with its "recent blowout quarter." The company beat estimates by a penny, reported 23% increase in advertising revenue and 7% growth in high-speed internet. Comcast is buying a 51% stake in NBC International, a deal CEO Brian Roberts said would be "accretive immediately" and will be a "game changer" for Comcast. In spite of worries the FCC might try to regulate the industry, nothing seems to stop the power of broadband.

"We have faster, better broadband," declared Roberts, "We've learned to accelerate, widen our lead and invest." Cramer commented on the company's "huge dividend" and Roberts discussed Comcast's free cash flow, which he predicts will increase to 38%. Dismissing concerns about competition, Roberts said Comcast is "very healthy" compared to its peers.

Roberts discussed Comcast's new XFINITY remote, a web-based remote that gives users the ability to change channels easily. "It will liberate you from your cable box." Cramer is bullish on Comcast.

CEO Interview: Angel Martinez, Deckers (DECK)

Cramer praised Deckers (DECK) CEO Angel Martinez on "stellar earnings" during which the company "eviscerated estimates" and outperformed on the "Congratulations Ratio," an original Mad Money metric that measures a company based on how many analysts congratulate management on the earnings conference call. Deckers received congratulations from six out of nine analysts, that's 67%.

The stock is up 68% since October, but has pulled back $15 from its high. When asked about the reason for Deckers' success, Martinez responded, "Nothing feels like an UGG boot, and nothing performs like a TEVA shoe." Consumers tend to accumulate as many pairs as they can afford, with 40% of UGG owners having more than a single pair.

Skeptics who don't get Deckers' story "Don't fundamentally understand footwear which is a statement about who you are, not just what you wear," explained Martinez. The company has diversified into sportswear, handbags and even fleece rugs. Cramer commented that the market cap could be twice to three times higher and Deckers still would not be overvalued. Martinez says that is due to the high price per item and the fact that the shoes are not yet available everywhere.

"The two stocks I get thanked the most for recommending are Apple and Deckers," Cramer said.

CEO Interview: Michael Johnson, Herbalife (HLF)

Herbalife (HLF), the mutli-level marketing program that sells weight loss items and nutritional supplements has seen a drop in its stock price because of last week's dive in the Dow, but it is unlikely Herbalife's stock will be kept down for long. Herbalife is buying back so much of its own stock that “It’s practically taking itself private, and this isn’t even reflected in the darned share price!” Cramer exclaimed. The company's market cap is only $2.8 billion, but it is buying back $1 billion of its stock.

Herbalife beat estimates by 17 cents, saw a 19% rise in revenues and raised guidance. The company is seeing dramatic growth in emerging markets, a whopping 70% increasing growth in Korea thanks to the initiative of the Koreans and the popularity of social networking. In addition, "things are getting interesting" for Herbalife in India with 52% growth there. "The general market is fabulous," said Johnson, adding that people are realizing Herbalife represents "an incredible intersection between health and wealth." Meanwhile the company continues to expand and improve its brand.

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Jim Cramer was up 31% in 2009. Click here now to trade alongside him.

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Source: Cramer's Mad Money - 5 Stratospheric Growth Stocks (5/12/10)