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Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Wednesday December 6. Click on a stock ticker for more analysis:

Well-Heeled: Heely's (HLYS) Crocs (CROX), Zumiez (ZUMZ), Under Armour (UARM)

Trendy stocks like CROX, ZUMZ, UARM can turn a profit, but Cramer suggests looking at exit strategies before leaping into a "fad" IPO. Heelys, a shoe with a with a wheel in the heel so the wearer can alternate between rolling and walking, is set to unveil its IPO on Thursday. Cramer notes that the company has accelerated revenue growth and a "sustainable" fad which has barely penetrated the market. He says that an investor should expect to pay between $22 to $23 for the IPO, and predicts that it will move to $26 and even reach the $30s, which will be a good time to sell.

"A Thing of Beauty": Level 3 Communications (LVLT)

Although looking at its debts and profits, one would think that LVLT is "the mother of all stinkers," Cramer declares that the stock is the best speculative growth play for 2007 and calls it a "thing of beauty" because of the increasing demand for bandwidth. Level 3 looks like a classic example of a hated stock with $6.8 billion of debt and no quarterly profits since 2003. However, Cramer points out that LVLT is a darling in the bond market, has accelerated revenue growth, and Cramer adds that CEO James Crowe made him a "fortune" at his previous job managing MFS Communications. In addition, LVLT has a lot of cash and is buying up companies. Cramer quotes Crowe who commented: "We'll use the money to invest and grow. In my view we are going to have bandwidth that grows at 60%, 70%, 80% for as long as the eye can see," he continued. "The future is about the eye and the video." Cramer says that LVLT is the best stock under $10.

Related: Ant & Sons reported that recently LVLT jumped on Cramer's "'mon back!"

Mad Mail: Abbott (ABT), Johnson & Johnson (JNJ), JetBlue (JBLU), Continental (CAL), UAL (UAUA)

Cramer says that ABT, which is a "revenue growth story," is a good stock for stents, but JNJ is the safest stent play. Although he likes JBLU's management, he wouldn't buy the stock. Given that airlines are losing money, Cramer thinks that safer choices are CAL or UAUA.

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Source: Jim Cramer's Mad Money In-Depth Stock Picks, Dec. 6