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Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Wednesday January 3. Click on a stock ticker for more analysis:

Pick a Winner: Allegheny Technologies (ATI)

Continuing his tradition of making predictions for the upcoming year, Cramer said that the Dow Jones will close 17% higher at 14,582 in 2007. While his top stock pick of 2006, Allegheny Technologies, turned out to be "the best-performing stock of the S &P 500," he decided to give his viewers a menu of stocks rather than one winner. Cramer declared that he is devoting a few programs to discussing the best value, growth and speculative stock picks of 2007.

Hooray for Halliburton (HAL), KBR (KBR)

"When we look for value, we're looking for stocks with not much downside," Cramer said, and rated HAL as his 3rd favorite value pick for the upcoming year. Although HAL is not well-liked on The Street, it is "too cheap" and if it remains so, it might go private, according to Cramer. In addition, HAL owns 80% of KBR which is up 50%, and once HAL sells, the company will have enough cash to reinvest in itself.

Related: Risks and Rewards for KBO's IPO

All that Glitters is Gold: Goldman Sachs (GS)

Goldman Sachs is Cramer's second pick for 2007, which is "cheap" on a valuation basis in spite of its $200 price tag. GS has a 15% long-term growth rate which is higher and a multiple to earnings which is lower than its rivals. Cramer lauds GS as the top broker and the best play for mergers and acquisitions, equity issuance and investing, andcomments that it is cheaper than the competition. GS bought back $7.8 million of its stock last year, thanks to its "great management," and is expected to continue its buyback strategy.

Related: George Gutowski discusses shorting Goldman Sachs

Breaking Up is Good to Do: Altria (MO), Kraft Foods (KFT)

Cramer's top value stock for 2007 is MO, which he predicts will make investors $30 a share when it breaks up its domestic tobacco, international tobacco and Kraft Foods businesses. The company has been wanting to make this move for a while, but was burdened by smoking lawsuits last year which are now winding up. Although KFT has been a poor performer, it will improve when "unshackled from tobacco" and MO's international business should benefit from the exchange rate. Finally, MO has raised prices on cigarettes for the third time in three years, and has done away with extraneous, costly promotions.

Related: Yasar Anwar is bullish on Altria.

CEO Interview: Mark Shapiro, Six Flags (SIX)

When asked when people were going to start liking SIX, CEO Mark Shapiro predicted that in 2007 the company would complete its comeback as the management has been rebuilding SIX from its foundations. "We've cleaned up our parks, put better employees on the ground," Shapiro said. "We reinvested money into fixing the operation." In addition, he said that the value of the real estate was "substantial." To those who might have been unimpressed by recent visits to the amusement parks, the CEO says, "it takes awhile to turn a ship like this around," and expects the job to be finished within the year. Cramer commented that Six Flags is finished going down and should start moving up.

Related: In October, Cramer said he liked Six Flags for its real estate rather than for its parks.

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Source: Jim Cramer's Mad Money In-Depth Stock Picks, Jan. 3