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Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Monday June 14.

EMC (NYSE:EMC), Intel (NASDAQ:INTC), Hewlett Packard (NYSE:HPQ), Oracle (NYSE:ORCL), Cisco (NASDAQ:CSCO), Skyworks (NASDAQ:SWKS), Apple (NASDAQ:AAPL), Marvell Technologies (NASDAQ:MRVL), IBM (NYSE:IBM), SanDisk (NASDAQ:SNDK), Cirrus Logic (NASDAQ:CRUS)

With crazy action in Dow, Cramer decided it was time to go "GaGa" and take advantage of the market's "bad romance with tech." The last time he saw tech this hated was in the fallout from the bust. So why buy tech? The risk versus reward in the sector is excellent. While "no one cares about tech," Marvell Technology (MRVL) is growing at a 16% clip and has a price to earnings multiple of 10.

Cramer listed bullish data on several tech companies: EMC (EMC) 15% growth and 15 times earings, Intel (INTC), 11% growth and 11 multiple, Hewlett Packard (HPQ) 14% growth with a 10 multiple, Oracle (ORCL), 13% growth and 14 times earnings, IBM (IBM) 11% growth and a multiple of 11.

Even tech stocks that are trading at a premium are still relatively cheap compared to their growth rates: Cisco (CSCO) 11.5% and 14 multiple, SanDisk (SNDK) 15% and 12 P/E, Skyworks (SWKS), 15% and 14 P/E, Cirrus Networks (CRUS), 22% and 12, Apple (AAPL) 18% and 19 P/E. Cramer would also take Apple's $53 a share in cash into consideration.

Cramer confessed that he "didn't get" the bearishness on tech, but he would use the negativity as an opportunity to buy.

Dividend Raisers: Hasbro (NASDAQ:HAS), Core Labs (NYSE:CLB), Ross Stores (NASDAQ:ROST), Wynn Resorts (NASDAQ:WYNN), Rollins (NYSE:ROL), American Eagle (NYSE:AEO), CR Bard (NYSE:BCR), Caterpillar (NYSE:CAT), Del Monte (DLM), Fed Ex (NYSE:FDX), Target (NYSE:TGT)

With the Dow and the S&P on a roller coaster, Cramer believes the one thing investors can truly count on is a good yield. In February, he collected five stocks that raised their dividends into a mini-index: Hasbro (HAS), Core Labs (CLB), Ross Stores (ROST), Wynn Resorts (WYNN) and Rollins (ROL). Since then, the yield Index has risen 16% compared to the S&P 500's 3% gain for the same period.

Cramer believes history will repeat itself and picked seven recent dividend raisers; Caterpillar (CAT), American Eagle (AEO), CR Bard (BCR), Del Monte (DLM), DuPont (NYSE:DD), FedEx (FDX) and Target (TGT). Concerning FedEx, he confessed the situation was a bit of a "gun to the head" scenario. On the one hand, the company reports on Wednesday and the dividend hike of 9% might be a good omen. However, postage delays because of the volcano in spring and the economic crisis in Europe might show up to the negative side on earnings. Cramer thinks FedEx's estimates are too low, and its 14 multiple compared to its 14% growth rate are reasons to buy the stock.

Cramer said Caterpillar's 5% dividend raise was a "big deal," especially since the controversy over whether the company would even continue to give a dividend raged merely a year ago. End markets are improving for Caterpillar, which is seeing increased orders domestically and abroad.

Del Monte (DLM) raised its dividend by 80% and reported a "monster quarter." Cramer thinks DLM is a buy on the mini-bull market in pet foods. While Target's (TGT) yield is only 1.9%, it was raised recently by 47%, which is a very positive indicator, as was the company's improved same-store sales in a May that was the worst for the general market in 40 years. Cramer praised TGT for concentrating on improving existing stores rather than building new ones.

Interview with Chairman and former CEO Larry Nichols: Devon Energy (NYSE:DVN), BP (NYSE:BP)

Natural gas broke the $5 barrier thanks to a "plethora of positives." The Gulf of Mexico tragedy signals a potential shift away from oil to gas, more big oil companies, even BP (BP) itself, are making natural gas acquisitions, and President Obama's mention of the fuel last week alongside other alternative energy sources indicates a change of attitude about the plentiful, cheap and clean fuel.

Devon Energy (DVN) made a smart transaction of its own; it sold its offshore and Gulf Assets in the Gulf of Mexico with almost miraculous timing, before the spill, and the sale should bring the company $10 billion by the end of the year. Chairman and former CEO Larry Nichols said he was surprised that natural gas prices are so high at this time of the year, and says it is a signal for the fuel's strength. He added that Washington should favor natural gas over other fuels because it doesn't require subsidies.

Nichols reports Devon is well-hedged for the year, with 72% oil hedged and 60% natural gas for 2010. For 2011, Devon is between 15-20% hedged. Concerning the EOG explosion in the Pennsylvania Marcellus shale, Nichols said the company drills tens of thousands of wells without accidents, and this was one accident which was contained quickly and where no one was hurt. In short, Nichols says there is no reason to worry about natural gas drilling.

Mad Mail: BP, DuPont (DD), Teva Pharmaceuticals (NYSE:TEVA), Ford Preferred (F.PS)

Cramer told a viewer that DuPont (DD) "hands down" was a stock with a better future than BP. Teva Pharmaceuticals (TEVA) is suffering fallout from the weak euro, but Cramer thinks the stock is a "screaming buy" at the current price of $53. He told another caller he was bullish on Ford Preferred (F.PS) which is going to reinstate its preferred dividend and recommends getting into the GM IPO.


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