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Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Monday June 7.

The Next Intel (NASDAQ:INTC), Arm Holdings (NASDAQ:ARMH), Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT)

Even with crazy action in the markets, it isn't a bad idea to speculate, even with a stock that is one point off its 52-week high. Cramer declared semiconductor Arm Holdings (ARMH) as the "next Intel" because its products are more energy efficient than its more famous rivals' chips, and its technology is in 95% of all smartphones and MP3 players. ARMH is a great play on Apple and gets 75 cents in royalties for every iPad sold.

Arm Holdings had an amazing analyst day last month when it reported its total addressable market is expected to double to 29 billion chips in 2014 from 15 billion in 2009. The company could get significant pin action from Microsoft (MSFT), as its next generation of Windows is likely to operate on ARM-based processors. ARMH is also diversified into other areas, and its technology is used in sensors, smart meters and hard drives.

While ARMH's multiple is 31, this is reasonable, considering its growth rate is 22%. Cramer would buy the stock when it pulls back 2 points from where it was Monday to $10.

6 Ways to Play the Growing Chinese Middle Class Baidu (NASDAQ:BIDU), Google (NASDAQ:GOOG), Yahoo (NASDAQ:YHOO), Nike (NYSE:NKE), Coach (NYSE:COH), Nvidia (NASDAQ:NVDA), ON Semiconductor (NASDAQ:ONNN), Cypress Semiconductors (NASDAQ:CY), Marvel Technology (NASDAQ:MRVL), Wynn Resorts (NASDAQ:WYNN), Yum Foods (NYSE:YUM)

With Europe in tatters and so much uncertainty at home, Cramer said the only thing to count on is the unstoppable growth of the Chinese middle class, which is expected to expand by 500 million between now and 2021. Although the government is orchestrating a soft landing for the economy, UBS predicts the Chinese GDP growth rate to decline from its current 11.9% rate to 8.8% by the fourth quarter; Cramer calls this a "very healthy trend." He recommended six ways to play the Chinese middle class.

1. Baidu (BIDU) and Yahoo (YHOO): With Google (GOOG) out of the race for Chinese internet expansion, Cramer is a fan of Baidu, which owns 80% of China's search and whose advertising is growing at a 40% per year clip. While the stock has risen substantially, Cramer said Baidu is a "mega-growth stock where the growth rate has become stratospheric." He would also buy Yahoo (YHOO), whose Chinese assets are undervalued.

2. Chips in China: Cramer thinks the following domestic semis have great prospects in China: Nvidia (NVDA), ON Semiconductor (ONNN), Cypress (CY), Marvel Tech (MRVL).

3. Coach (COH): This high-end retailer has already opened 37 stores in China and has reached its revenue target a year ahead of schedule. The company has little exposure to Europe and is building more stores in China.

4. Nike (NKE) is increasing its stores in China from 300 to 500 and is seeing a 9% growth in future orders.

5. Wynn Resorts (WYNN): The stock is up over 90% since 2009 and should continue its upward trek as China's middle class heads to the casinos.

6. YUM (YUM) is growing in China at a rate of 37% per year and is opening new stores.

Reviewing the Crisis Checklist: Banco Santander (STD), Banco Bilbao (NYSE:BBVA), BP (NYSE:BP)

With the Dow rising early in the day only to finish 115 points down, Cramer reviewed his checklist of 6 things that need to happen before investors can feel secure about stocks.

1. Clarity on financial regulation; While Cramer thinks reforms will be benign, the public needs to know.

2. Spanish banks will stabilize. There is a double-edged sword for Spanish banks with non-performing assets and tens of billions of Spanish bonds. If these problems aren't solved, Banco Santander STD) and Banco Bilbao (BBVA) might collapse.

3. Slowing of unemployment. The jobs report on Friday was "terrible," and Cramer called on Obama to stop uneconomic reforms and to focus on boosting employment.

4. Oil spill should be contained. In spite of BP's (BP) efforts to contain the spill, there seems to be no end in sight.

5. A soft landing for China

6. The euro must stay steady.

Mad Mail: TriQuint Semiconductor (NASDAQ:TQNT), Intel (INTC), Vodafone (NASDAQ:VOD), AT&T (NYSE:T), Helix (NYSE:HLX)

When a viewer asked Cramer about semiconductors, he cautioned that the market is risky right now. He still likes Triquint (TQNT), but prefers Intel (INTC). Cramer is still bullish on Vodafone (VOD) over AT&T (T) in spite of the latter's deal with India Telecom, Reliance. Cramer cautioned that Helix (HLX) is too risky with the oil spill in the Gulf of Mexico still causing headaches.

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Source: Cramer's Mad Money - The Next Intel (6/7/10)