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Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Thursday June 19.

CEO Interview: Gary Friedman, Restoration Hardware (NYSE:RH)

A CEO with a vision can drive a stock up. Restoration Hardware (RH) has been a favorite stock of Cramer's, and the company is re-inventing the concept of what it means to be a retailer. It has attractive showrooms, fabulous catalogs in an era of ecommerce. It reported a strong quarter with raised guidance and rallied 23% since it reported last week. "This is not a flash in the pan," said Cramer. "The most inventive person in retail today," said Cramer is RH CEO Gary Friedman. An analyst said to Friedman "Yours might be the most misunderstood retailer on Wall Street." Friedman explained this comment by saying, "Vision is everything. You may have to destroy today's reality to create tomorrow's future. We are doing things differently ... we have to do a better job to frame the logic so people can keep up with our story." The company focuses on design and quality relative to price, "There are those with taste and no scale and those with scale and no taste. We are combining taste and scale." Fremont is not giving up on bricks and mortar. "Only 8% of sales are online, and no one is talking about the 92%. It isn't about the internet, it is about lack of imagination in retail." He says many department stores lack a sense of humanity and are merely functional, "We are bringing a sense of humanity into retail and are generating a level of excitement that you just can't do on the internet."

"This story is not over, by a long shot," said Cramer.

World Cup Pick: Anheuser-Busch Inbev (NYSE:BUD). Other stocks mentioned: Constellation Brands (NYSE:STZ). Other stocks mentioned: Melco Crown Plaza (NASDAQ:MPEL), Wynn Resorts (NASDAQ:WYNN), Las Vegas Sands (NYSE:LVS), Dunkin' Brands (NASDAQ:DNKN), Starbucks (NASDAQ:SBUX)

Despite Brazil's disappointing match with Mexico, it still has a good chance in the World Cup. Cramer covered a Brazilian "inspired" stock, since it has Brazilian "roots" with headquarters in Belgium. BUD is the largest brewer with 25% market share. It has the most popular brands of beer. It sold the U.S. rights to Grupo Modelo to Constellation Brands (STZ), but still has rights to those brands overseas. BUD managed to pressure the Brazilian government to suspend its ban on alcohol at soccer matches for the World Cup, and BUD beers are sold for the duration of the tournament. BUD is a slow and steady grower and yields 3.5%. Cramer thinks the dividend could be raised for multiple years. The only situation that could lead to a dividend cut is if it makes another winning acquisition. The stock has risen 8% year to date, and there are catalysts that could send it higher. BUD has been moving into the craft beer space, and is taking share in the Chinese beer market, where it has 14% market share. BUD trades at a multiple of 19, and Cramer thinks it is worth paying up for BUD, but it would be a better buy on a pullback.

Cramer took some calls:

Melco Crown (MPEL) is Cramer's least favorite stock in the casino space. Cramer would sell on a rally and buy Wynn (WYNN) or Las Vegas Sands (LVS) instead.

Dunkin' Brands (DNKN) is a great growth story, but Cramer "vastly prefers" Starbucks (SBUX).

Don't Sweat the Fed: Stock discussed: Kroger (NYSE:KR)

Investors are paying too much attention to the Fed and not enough to individual companies. The tapering of bond buying is not having a dramatic effect on stocks. Information from companies is driving the market. Starbucks (SBUX), which has been suffering because of the dramatic rise in coffee prices, has taken control of its destiny by expanding its menu offerings to include alcohol and a more diverse array of baked goods. SBUX's stock rose on an upgrade. Similarly, Kroger (KR) reported a strong quarter, and the stock rallied. Expectations were low for the supermarket, but its earnings beat and raised guidance was enough to propel the stock higher.

CEO Interview: James Whitehurst, Red Hat (NYSE:RHT). Other stock mentioned: Amazon (NASDAQ:AMZN)

Red Hat (RHT), the world's largest producer of open source software, has gotten slammed along with cloud plays and high-multiple stocks. Red Hat is not a software as a service play, but provides open source Linux operating systems for the enterprise. It provides its software for free and provides its clients with services through subscription. The stock beat earnings by a penny on higher than expected revenues that rose 17%. Its billings rose 16% and deferred revenue went up 20% and management raised guidance, and the stock closed up. This could be a good sign for the whole sector. The stock rose 18% since Cramer spoke to CEO James Whitehurst 9 months ago. The company reported its best quarter in 5 years. Whitehurst discussed the "new cloud architecture" that is a driver for RHT's business. Telecom spending is strong, and this increased demand. The company works with Amazon (AMZN), and provides it with a significant amount of technology. Cramer thinks that Red Hat is going to break out.

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Source: Cramer's Mad Money - The Most Inventive Person In Retail Today (6/19/14)