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Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Monday December 18. Click on a stock ticker for more analysis:

Hot Stock #1: Omniture (OMTR)

Cramer devoted the program to discussing "hot stocks," and began with Omniture which produces software that allows websites to collect and analyze user-generated data; its clients include Time Warner's AOL, Expedia, and Ford. Omniture was a "sleepy, ignored -- even disliked -- IPO that came out last summer," he said, but later started to run, and Cramer thinks that a disappointing IPO which later picks up steam is a stock people are not likely to abandon. The company is a best of breed in a growing business and is expanding faster than its rivals. However, Cramer warns that since the stock went public in June, analysts have "rolled out buy and buy after buy" on OMTR which has just three holds, and he believes that this situation sets OMTR up for downgrades. Cramer also notes that the share lockup expires on December 26, when holders may start to sell. Those who already own the stock should hold it, according to Cramer, and buyers should wait until after December 26 to take advantage of low prices following a selloff.

Related: Jeff Molander discusses OMTR and the growth market for web advertising.

Hot Stock #2: Gmarket (GMKT) with Yahoo (NASDAQ:YHOO)

Although Cramer has recommended eBay, he suggests investing in a company that has more growth potential, and suggests taking a look at South Korea's answer to eBay, Gmarket, which Cramer says is "viscerally more pleasing than eBay" and whose revenues in Korea have already surpassed those of its larger rival. Not only is Gmarket's revenue up 125% year over year, but it has no debt, and is "massively undervalued" compared to eBay and Amazon, says Cramer. In addition, Yahoo owns 10% of the company and is helping it expand beyond Korea. Gmarket is an IPO and its share lockup expires on Wednesday. Cramer suggests doing some homework and buying shares after Wednesday.

Related: Highlights from Gmarket's SEC filing

Hot Stock #3: Melco PBL Entertainment (NASDAQ:MPEL)

Cramer has talked alot about Macau, a city off the coast of China where gambling has flourished, and many companies including Las Vegas Sands have set up casinos there. Since the gambling industry is still in "the early innings of the Macau story," Cramer believes that it is worth looking at MPEL, the first pure play on Macau. Cramer recommends buying the IPO which may open between $16 and $18, but would be cautious after $25, and suggests selling at $40.

Related: Abbi Adest presents a profile of MPEL in a report on This Week's IPOs.

Mad Mail: Baker Hughes (NYSE:BHI) and Halliburton (NYSE:HAL), Best Buy (NYSE:BBY) and Costco (NASDAQ:COST)

Cramer told a viewer that he likes both BHI and HAL, but noted that HAL is less expensive. He said that BBY it "too cheap" and would stay with it, although it has been hurt somewhat by competition from COST which is also doing well.

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Source: Jim Cramer's Mad Money In-Depth Stock Picks, Dec. 18