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Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Tuesday May 24.

CEO Interview: David Kerchoff, Weight Watchers (NYSE:WTW)

With the doubling of obesity in 30 years, battling obesity is becoming a $60 billion industry. Weight Watchers (WTW) has increasingly become seen as a medical company aiming to help its subscribers change their lifestyle rather than a purveyor of crash diets. The company raised guidance dramatically and the stock shot up 46% after its February earnings. WTW delivered again in May and the stock rose 14%. WTW has risen 219% since last June.

David Kerchoff discussed the company's fundamental transformation, its growth in internet subscriptions, sharper marketing and new program that measures calories according to health value rather than numerical value. Spokeswoman Jennifer Hudson of American Idol has been a great marketing tool for the company.

"Weight Watchers is gaining steam," said Cramer.

Mad Mail: Savient Pharmaceuticals (SVNT), EOG Resources (NYSE:EOG), Whiting (NYSE:WLL) Mastercard (NYSE:MA), American Express (NYSE:AXP), Ford (NYSE:F)

Cramer answered viewers' questions:

Savient Pharmaceuticals (SVNT) is a stock Cramer would stay away from, since its performance has been slow.

Whiting (WLL), EOG Resources (EOG), KMP (NYSE:KMP) are all good ways to invest in domestic drilling. Cramer likes KMP for the yield.

Mastercard (MA) is "too hard." Cramer prefers American Express (AXP) as the way to play credit cards and thinks it is going to be the "gold standard" when the Consumer Protection Agency regulates the financial sector.

Ford (F) is down on worries of strikes, but Cramer thinks the story is a good one, and earnings are strong.

CEO Interview: Ray Leonard, Hyperdynamics (NYSE:HDY)

Cramer took a look at speculative oil and gas play Hyperdynamics (HDY), with a $660 million market cap and selling at just $4.44. The stock is up 10% in recent trading, so Cramer would wait for a pullback. However, the stock is down 20% since it reported in February and since then, a report on its deep water assets in Guinea has indicated a 150% greater oil potential than previously expected.

Ray Leonard took issue with Cramer's describing Hyperdynamics as a "speculative" stock, since he thinks the company has removed a great deal of risk. "We are working at light speed," compared to rivals, and as a geologist, Leonard says the West Guinea assets are brilliant and among the largest in the continent. The company has solved its debt problems and the government in Guinea is now democratic and cleaning up corruption. "We have moved from high to middle risk," said Leonard.

"Please be careful, but you just heard the facts. It does sound like things are more stable than I would have said before the interview," said Cramer.

Caterpillar (NYSE:CAT), Boeing (NYSE:BA), United Technologies (NYSE:UTX), Amazon (NASDAQ:AMZN)

When oil climbed higher on Tuesday, but retail stocks rallied, Amazon (AMZN), a stock that should benefit from higher oil, fell. The market is acting crazy, and it is difficult to make sense of such moves. Cramer recommends investing for the longer term and to find stories from companies that transcend the wild gyrations of the market. Caterpillar (CAT), Boeing (BA) and United Technologies (UTX) are saying "all systems are go." Aerospace is about to see the biggest buildout since the 1970s, Caterpillar has proven it can transcend Chinese interest rate hikes and United Technologies has taken care of its inventories and is seeing modest growth in commercial construction even as the rest of the industry lags behind. Cramer would use the recent pounding of these stocks as an excuse to buy.

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Source: Cramer's Mad Money - The Skinny on Weight Watchers (5/24/11)