Jim Cramer's Mad Money In-Depth Stock Picks, Nov. 28

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Tuesday November 28. Click on a stock ticker for more analysis:

A Thing of Beauty: Allergan (AGN)

Cramer calls Allergan "the one-stop-shop arsenal when it comes to anything cosmetic-surgery-related" since it has a triple play of Botox, Juviderm and silicone breast implants. The stock surged to $120 on Monday, but has since sold off a bit. Cramer likes AGN because it "feeds off the physical insecurities of a nation" and he thinks that now is the time to buy, but since he is not sure where the bottom is, Cramer would pick up some now and buy a fifth of a position every time the stock declines 25 cents.

Related: Average Joe Investor thinks Allergan is too expensive and prefers Syneron.

Capital One Financial (COF), Mastercard (MA) and North Fork Bank (NFB)

One can benefit from the growing trend of credit card debt not just by investing in Mastercard, but also by picking up COF which issues Mastercard and Visa cards. Cramer says that there is a 70% chance of an interest rate cut by March, which means that "every bank in America -- and especially Capital One -- should surge higher." COF is cheap and should benefit from its acquisition of North Fork "so it can lend more money through credit cards at outrageous rates." Although the deal hangs over COF "like a dark cloud" the stock should take off on Friday when it is finalized. Cramer sees a huge buyback of shares and a possible takeover bid in COF's future.

David Strasser and Lowe's (LOW)

Cramer applauds David Strasser, a retail analyst at Bank of America, for taking a long-term view and upgrading Lowe's in spite of the current bearishness that plagues housing. Cramer blames the declines in housing and tech over the summer on the fact that "Most analysts will like a stock all the way down and hate it all the way up," he said. " They give up because they can't take the pain anymore." Cramer adds that analysts should consider P/E growth and the macro picture, and it helps that Strasser worked at a hedge fund: "When you work at a hedge fund, you are trained to make people money."

Related: Yaser Anwar discusses Strasser's upgrade of Lowe's.

CEO Interview: Ken Kannappan of Plantronics (PLT)

Cramer asked Kannappan about the sale of headsets in light of the new law in California prohibiting drivers from using hand-held cell phones. "The enforced use of a hands-free cell phone device when driving has benefited the visibility of headsets," Kannappan said. After discussing the lackluster performance of the company's Chinese facility, Cramer admitted that he was "on the fence" and does not see a reason to buy PLT

Related: Bear Stearns analysts discuss PLT.

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