Jim Cramer's Mad Money In-Depth Stock Picks, Jan. 19

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Friday January 19. Click on a stock ticker for more analysis:

Hot IPO: AeroVironment

Cramer says a good way to make money fast is by picking up the next hot IPO which he identifies as AeroVironment, an umanned surveillance aircraft company which is supposed to go public in the next week and to trade under the symbol AVAV. The Pentagon has been "pouring money" into this company whose products have been combat-tested and can be used for border patrol and to reduce casualties during wartime. While AeroVironment has some competition, it is the only company to produce a spy plane that weighs less than a pound. Cramer told viewers not to worry about the effect the Democratic Congress may have on this company, because it has "deep military contracts." Cramer suggests picking up the stock under $20, and discretionary buying until $25, which is a good sell price.

Playing it Safe: Consolidated Edison (ED) and Southern Co. (SO)

For conservative investors who want consistency for retirement savings, Cramer suggested ED and SO as bond-replacement stocks. These stocks have high dividends and low risk and can yield the same income as bonds, but with some upside potential. He also recommended these stocks over bonds because their dividends are not taxed as heavily as bond income.

Related: Geff Considine discusses ED and a low-risk portfolio.

All Ears: Texas Instruments (TXN), Coach (COH), United Technologies (UTX), Norfolk Southern (NSC), F-5 Netw0rks (FFIV), AT & T (T), Legg Mason (LM), Microsoft (MSFT)

Next week will be one of those weeks during which it will be hard to make money because there will be so many companies reporting there earnings, so Cramer suggested not acting but listening to conference calls. On Monday, Cramer would pay attention to TXN which is the "crystal ball into the world of technology." Although a good quarter might reverse the tech slump, Cramer doubts that it will. Coach's call on Tuesday will give insight into the world of high-end, luxury stocks, and Cramer also suggested checking out UTX's statements. On Wednesday, Cramer would listen to NSC and to FFIV for information about high-growth, high-multiple stocks. Cramer calls AT &T a "terrific company" and on Thursday's call, he would listen to what they have to say about wireless and cost synergies with the closing of their Bell South deal. On Thursday, Cramer is interested to find out if Legg Mason has gotten its act together after the lack of integration of funds they acquired from Smith Barney, and to see what MSFT, one of tech's few sole survivors, has to say about XBox 360, Zune and Vista.

CEO Interview: Steve Ells, Chipotle Mexican Grill (CMG):

When Cramer asked Steve Ells if CMG could continue its "fabulous" performance, Ells commented that "customers are going crazy" for the restaurants because of their food, service and atmosphere. "We are opening up 95 to 105 new stores because we find great real estate and managers for that number." Responding to Cramer's question about rising food costs, Ells said that he doesn't see an immediate effect; "we're going to keep our eyes on it."

Related: Andrew Corn calls CMG "A distinguished spin-off with great potential."

Seeking Alpha publishes a summary of Jim Cramer's stock picks every day including: Mad Money Recap, Lightening Round, Stop Trading and his Market Minute.

Get Cramer's Picks by email -- it's free and takes only a few seconds to sign up.

Seeking Alpha is not affiliated with Jim Cramer, CNBC or TheStreet.com