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

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

Sole Survivor: Toyota Motor (TM), Ford (F), General Motors (GM) and DaimlerChrysler (DCX)

While Ford and General Motors are declining and Cerberus' acquisition of DCX should shrink it into a "teeny weeny auto company," Toyota will be the last big car company left, says Cramer. Although the stock is down after reporting disappointing numbers, Cramer believes TM will keep "growing and improving." Its decline in operating profit was the result of investing resources for growth, and Cramer notes TM is expanding while its competitors are shrinking. Cramer would buy TM while it is cheap.

Sweet as Honeywell (HON)

Cramer continued his series on "transformational CEOs" with Dave Cote of Honeywell, who took the reins from "despised figure," Michael Bonsignore. The company was buried in asbestos problems, but since Dave Cote has taken over, the company has improved sales and cash flow. Athough it is up 10 points, Cramer is still bullish on HON.

Mad Mail: Level 3 Communications (LVLT), Syneron Medical (ELOS)

Cramer says LVLT is a good bandwith shortage play, and says CEO James Crowe is "bankable." While there is some concern over management change at ELOS, Cramer likes the company's recent numbers and says it is a "product story."

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