Jim Cramer's Mad Money In-Depth Stock Picks, May 2

by: Miriam Metzinger

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Wednesday May 2. Click on a stock ticker for more analysis:

Cramer's French Foreign Legion: CGG Veritas (CGV)

Cramer says the best market in the world is France, especially if Nicolas Sarkozy takes the reins and creates a "capitalist counterrevolution." Cramer's first French pick is CGV, which is involved with "geophysical services" or map-making for oil drillers. Although CGV is only #3 in this business, it is the largest producer of sensor equipment needed for mapping, with 60% market share. As the U.S. opens the Atlantic for drilling, there will be a need for maps, and the number from Transocean demonstrates the health of offshore drilling. In addition, the company's backlog as of March 1st was $1.6, over 50% of its estimated revenues for this year. Cramer declared CGV the 'French Foreign Legion' of seismic mapping.

Related: Barron's plays on the French Election.

Greens and Guns: Veolia Environnement S.A. (VE), Taser International (NASDAQ:TASR)

Cramer compared French waste, water and transportation stock VE to a former Vice President: "If Al Gore were a stock - and he certainly has a stock's personality - then he'd be this one." Cramer sees VE as a play on privatization. VE's water treatment plants are located in 57 countries and account for 36% of its sales and half of VE's profits. It is also the world's second-largest waste management company, and as the European Union is passing legislation to reduce landfills, VE will benefit since it is involved with recycling, incineration and transforming waste into energy. The company is also developing technologies to facilitate energy management and the reduction of carbon emissions. For those who want to speculate, Cramer suggests TASR, since Sarkozy has said he wants a gun in all 100,000 of France's police cars. Cramer added, "Taser is not for the faint of heart. And this is a risky little bit of speculation."

Related: Wall Street Mayhem says Taser is "back on track."

Mad Mail: AT & T (NYSE:T), Apple (NASDAQ:AAPL), Verizon (NYSE:VZ), Level 3 Communications (NASDAQ:LVLT)

When a viewer tried to sell Cramer on T, he said he preferred AAPL and VZ. When asked why LVLT keeps going down, Cramer replied it has a "bad holder problem," and many people are in the stock to for a quick spec. He suggests buying the stock aggressively for the next run from $5 to $7.

Seeking Alpha publishes a summary of Jim Cramer's stock picks every day including: Mad Money Recap, Lightning Round, Stop Trading and his Wall Street Confidential Picks.

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

About this article:

Problem with this article? Please tell us. Disagree with this article? .