Jim Cramer's Mad Money In -Depth Stock Picks and Comments, May 17

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:

A Family Affair: William Wrigley Jr. Co. (WWY)

Most of the companies Cramer has featured in his series on "transformational CEOs" have brought the businesses back from oblivion. However, William D. Perez, CEO of WWY had a different challenge, because he was faced with having to make changes at a decent company without ruffling the feathers of the Wrigley family. While WWY was stagnant for years, Perez helped move the stock from $46 to $57 and introduced 80 new products last year. Although the stock is expensive at 25 times earnings, Cramer expects a huge upside and gives the stock a triple buy, adding " ... you can buy the stock and chew gum at the same time!"

Sell Block: IBM (IBM), Bausch & Lomb (BOL), Syntax-Brillian (BRLC), SunPower (SPWR), Evergreen Solar (ESLR), Trina Solar (TSL), First Solar (FSLR), Cypress Semiconductor (CY)

Beginning this week's Sell Block with CEO Wall of Shame, Cramer exonerated Sam Palmisano, CEO of IBM, because he is buying back shares and the stock gained 10%, and Ron Zarrella, CEO of BOL, who is making the right move by selling the company. His new inmate is Vincent Sollitto, because he "comes on our show, says everything's great... files an equity offer... tells us not to worry... says that I'm being a 'meany' because I highlighted him... and then he reports a miserable quarter." Moving on, Cramer would say goodbye to sun power stocks, because, like the dot.com craze in the 90s, "I think you are going to get a textbook case of oversupply." Cramer would sell every solar stock including SPWR, ESLR, TSL and even his favorite FSLR. The only company with a solar connection Cramer likes is CY, a semiconductor company which is aggressively buying back shares and owns "the lion's share" of Sunpower. He feels the company could be split in two and urges investors to "buy CY before it buys itself."

Related: Alan Brochstein makes the long case for semi stocks.

CEO Interview: Steven Ells, Chipotle Mexican Grill's (CMG)

Steven Ells discussed the company's great quarter; "We think we do something differently, and people are really catching on." He feels his restaurants provide a fresh alternative to typical fast-food service, products and atmosphere, and focus on healthy choices. Providing quality is "the right thing to do," he continued, "and once people are turned on to it, they'll appreciate it." Cramer says CMG and Ells are "the real deal" and would buy the stock every time it declines.

Related: Andy Kern discusses CMG as a growth stock for value investors.

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