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Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Thursday December 1.

3 Stock Leaders: Apple (NASDAQ:AAPL), Google (NASDAQ:GOOG), Boeing (NYSE:BA)

In an uncertain market, three stocks are taking the lead. Apple (AAPL) has rallied over $5, and the world is still in love with Apple, even after the passing of its visionary CEO, Steve Jobs. Google (GOOG) jumped $14.38 and is having a terrific holiday season. Boeing (BA) is up $2.29, and while there are always buying opportunities for Boeing since it often faces challenges (this time, a labor dispute which has been resolved), it has a great long-term story, especially with the Dreamliner.

TJX Companies (NYSE:TJX), Ross Stores (NASDAQ:ROST), Ford (NYSE:F), GM (NYSE:GM), Dupont (NYSE:DD), International Paper (NYSE:IP), Bristol Myers (NYSE:BMY), Coca-Cola (NYSE:KO), Nucor (NYSE:NUE), Enterprise Product Partners (NYSE:EPD), Schlumberger (NYSE:SLB), Occidental Petroleum (NYSE:OXY), Target (NYSE:TGT), J.C. Penney (NYSE:JCP), Kohl's (NYSE:KSS), Nordstrom (NYSE:JWN), Electronic Arts (ERTS)

It's time to temper enthusiasm after the huge run-up in stocks this week. Even though the news of China's rate cuts is good, it is going to take more than one rate cut to get the economy going. Domestic retail sales are strong for most stores, but there were some disappointing numbers from Target (TGT), J.C. Penney (JCP) and Kohl's (KSS). However, TJX Companies (TJX) and Ross Stores (ROST) are doing well, and their stocks may be worth buying. While auto sales were up 15% from last month, the fact that Ford (F) and GM (GM) were down is a sign that weakness in Europe is taking its toll on the companies. While the private sector created 100,000 more jobs, other companies are cutting their workforce. Cramer would consider buying industrials like Dupont (DD), International Paper (IP) and Nucor (NUE), a good pharma like Bristol Myers (BMY), a defensive stock such as Coca-Cola (KO). Schlumberger (SLB) and Occidental Petroleum (OXY) are buys on the strength of oil prices. MLPs like Enterprise Products Partners (EPD) provide stability and dividends in the current environment. Cramer would hedge stocks with put options on a bank ETF, since all banks are trading together.

Cramer took some calls:

Nordstrom (JWN) is very well-run and has been sold off unfairly. It has risen $1.80, and Cramer would wait for a dip before buying.

Electronic Arts (ERTS) is an inexpensive stock and is worth buying.

Research in Motion (RIMM), Windstream (NASDAQ:WIN), Corning (NYSE:GLW), Riverbed (NASDAQ:RVBD)

Research in Motion (RIMM) has seen better days; it has fallen 70% in the last year and has faced several downgrades. Recently, it was upgraded, although not very enthusiastically, on the idea that it is no longer a sell, but a hold. While Cramer has disliked RIM for a long time, he agrees with this call, and believes RIM has reached a point where it is too low to sell because all of the negative news is baked in. The story has not gotten better; it is still losing market share, but it is now cheaper than any other smartphone play. An activist shareholder might come in and push for change or the stock might get taken over, although Cramer doesn't believe taking over RIM is a good idea. While he is not bullish on RIM, shorting it at this level is way too risky.

Cramer took some calls:

Windstream (WIN) is a high yield growth stock and a buy.

Corning (GLW) is a good company, but Cramer would avoid the stock.

Riverbed (RVBD) is a battleground stock, and therefore, too hard to own.

CEO Interview: Manny Chirico, Phillips Van-Heusen (NYSE:PVH)

Phillips Van-Heusen (PVH) is one of the most recognizable names in retail; in men's stores a third of the dress shirts and half of the ties are PVH products. Tommy Hilfiger and Calvin Klein are its most popular brands, generating 80% of the company's profits. PVH beat earnings estimates by 8 cents and raised guidance, but sales in Europe were thought to be spotty. However, CEO Manny Chirico said European sales have been fantastic with the advent of winter, even in Italy and Belgium. Comparisons in Europe were up 5% last month, European sales jumped by 20%. Sales have risen 20% in Asia and have grown an astounding 50% in Brazil. Both Tommy Hilfiger and Calvin Klein have risen 15-20% in the last week of November, compared to the post-Thanksgiving period last year. Cramer is bullish on PVH.

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Source: Cramer's Mad Money - 3 Stock Leaders (12/1/11)