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Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Tuesday July 13.

2 Comeback Kids of Tech: Nvidia (NASDAQ:NVDA), Jabil Circuit (NYSE:JBL), Adobe (NASDAQ:ADBE)

Nvidia (NVDA) and Jabil Circuit (JBL) are two hated stocks in a hated sector, but Cramer thinks they will be "comeback kids." Nvidia is down 40% for the year and Jabil has declined 15%. Nvidia (NVDA) makes products for netbooks, smartphones and tablets and makes semis that power Adobe's (ADBE) PowerSuite 5. Nvidia's ION chips are used in 70 types of laptops, of which 50 are starting production in the next few months. While Nvidia's stock has been in the doldrums, Cramer predicts the company will be one of the biggest gainers in the second half of the year.

In spite of Jabil's report of double digit growth for most of its businesses, the stock has been lagging behind, mainly because of its substantial European exposure. However, Jabil has reported no decline in European sales, so the fears are unfounded. Jabil trades at a multiple of 7 and Nvidia, of 8, and both companies have a 12% growth rate. Cramer is a believer in both Jabil and Nvidia, which he thinks will become winners going into 2011.

Is Berkshire Hathaway (NYSE:BRK.B) Too Expensive?

No matter how successful a company is, if the stock has run 10%, it is usually time to take profits. Berkshire Hathaway (BRK.B) has recently seen a significant rise; in spite of its recent gains, could it still be a buy? The company is difficult to value because of its diverse parts and data about volume isn't a good tell because the company was added to both the Russell 1000 and the S&P500 indices. Looking at technical factors, analyst Tim Collins concluded that he would wait for a pullback to $75 before buying, but Cramer says Berkshire has never been cheaper when taking its assets into consideration. He applauds Warren Buffett's management and the strong portfolio of companies.

IPO of the Week: Qlik Technologies (NASDAQ:QLIK), Morgan Stanley (NYSE:MS), Citigroup (NYSE:C), JP Morgan (NYSE:JPM)

Cramer discussed the hot IPO of the week, Qlik Technologies (QLIK), a software-licensing company that creates user friendly technology that enables businesses to analyze data more efficiently. Qlik not only makes a profit, it is growing; revenues rose 33% in 2009, and in the first quarter of 2010, revenues climbed 66% year-over-year. The number of customers has increased seven-fold in the past five years. A full 75% of Qlik's revenues come from overseas, and while its exposure to Europe may keep the IPO price down, Cramer sees a buying opportunity.

The offering is legitimate, is underwritten by Morgan Stanley (MS), Citigroup (C) and JP Morgan (JPM), and is priced at an inexpensive range of $8.50 and $9.50; this is about the range of recent takeover prices in the industry. Cramer would pay up to $9.50 for Qlik, but "not a penny more" because of its premium valuation. He warned investors against chasing the stock in aftermarket.

Will There Be a Double Dip Recession? CSX (NYSE:CSX), Novellus (NASDAQ:NVLS), Alcoa (NYSE:AA)

Cramer denounced as "eggheads" those who predict a double-dip recession, and said the academics should look at individual companies' reports rather than listening to government rhetoric. Railroads are often a barometer of the economy's health, and CSX (CSX) saw double-digit growth in every division except coal and indicated it will start hiring again. Novellus (NVLS) silenced the doomsayers who were predicting price drops for DRAM and flash memory and reported increased demand. Alcoa (AA) reported that "growth is up significantly." Cramer believes the companies are telling the truth and expects them to lead the way in job creation.

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Source: Cramer's Mad Money - 2 Comeback Kids of Tech (7/13/10)