Jim Cramer's Mad Money In-Depth Stock Picks, April 16

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Monday April 16. Click on a stock ticker for more analysis:

Green Day: Foster Wheeler (FWLT) and Shaw Group (SGR)

Cramer declared April 2, the day the Supreme Court ruled against the EPA for not regulating carbon emissions "Green Day," and announced his decision to devote a week-long series to environmental stocks. He believes this "landmark decision" will put a "higher multiple on everything green," and suggests buying FWLT and SGR. FWLT is "a leader in fluidized bed boilers," which create fewer sulfur dioxide and nitrogen oxide emissions. He added FWLT has a low multiple and predicts it will rise from $68 to $105. Cramer thinks nuclear is the best anti-global warming fuel and likes SGR because it "has a huge inside edge on nuclear projects in the U.S. and abroad," has recently won contracts and expects to attract more in the near future. Cramer concluded these stocks should make people some mad money in a few years.

Related: Blake Morphis says FWLT is still hot a year later.

Kellogg (K), Coca-Cola (KO), Goldman Sachs (GS), Capital One Financial (COF)

Cramer doesn't regret his aversion to fearmongering, a strategy which might have won him some media praise, but would have been "painfully wrong." Instead, he is glad he recommended buying KO and K seven weeks ago. Concerning banks, "the second bottom that I called is still happening," he said and predicts analysts will start upgrading these stocks this week. He has no worries about suggesting GS, since it is a cheap financial stock which he feels will go higher. Cramer also is bullish on COF because he feels "the stigma of credit cards is going to go away."

Related: Ticker Sense wonders if GS failure to take part in last week's rally is cause for concern.

Mad Mail: ValueClick (VCLK) and aQuantive (AQNT), Steel Technologies (STTX)

Although VCLK and AQNT have risen, Cramer still likes them because they are attractive takeover targets. He told another viewer no one could have predicted the STTX buyout, because the bears were focusing on the excess of steel, and Cramer predicts more consolidation in this area, which will leave only three or four companies standing.

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