Jim Cramer's Mad Money In-Depth Stock Picks, May 18

by: Miriam Metzinger

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Friday May 18. Click on a stock ticker for more analysis:

Isdell Adds Life to Coke (NYSE:KO)

Continuing his series on "transformational CEOs," Cramer discussed Neville Isdell who transformed the "has been" company into one that is looking beyond carbonated beverages to new growth opportunities. Under previous management, Coke missed the opportunity to buy Quaker Oats and Gatorade, which was purchased by its nemesis, Pepsi. After losing significant ground, Coke is back, and its last quarter was " a wonder to behold," said Cramer. The company is expanding internationally and Cramer calls Coke Zero a "success story." He thinks this is just the beginning of Coke's comeback.

Related: David Neubert thinks Neville Isdell is overpaid.

Next Week's Game Plan: Game Stop (NYSE:GME), Analog Devices (NYSE:ADI), Target (NYSE:TGT), CA (NASDAQ:CA), Dick's Sporting Goods (NYSE:DKS), Under Armour (NYSE:UA), Nike (NYSE:NKE)

Cramer would buy GME ahead of its Wednesday report, but only if it is down on Monday or Tuesday, and he also suggests buying ADI before its Tuesday report. He would pick up TGT and CA before they report earnings on Wednesday and would buy more TGT after Wednesday. Cramer would invest in UA and NKE before DKS reports on Wednesday.

Risky Delphi (OTC:DPHIQ)

Although Delphi is bankrupt, trades on pink sheets and is around only $2 a share, three qualities he avoids in any stock, Cramer thinks "this company might have something big going on." First, Cerberus Capital Management and Appaloosa Management are offering Delphi a deal that would help get the company out of bankruptcy and may bring the stock up double. While Highland Capital Management values Delphi even higher, Cramer thinks the first deal is more likely to materialize. The stock is too risky for Cramer, who sees a two down, five up scenario; "but the two down could come first." However, he thinks Delphi may have an interesting story for the risk-takers.

Mad Mail: Yamana (NYSE:AUY), Bare Escentuals (BARE), Krispy Kreme Doughnuts (KKD)

While gold stocks do not tend to trade according to earnings reports when the commodity is falling, Cramer would still pick up AUY. Cramer admits to feeling "like an idiot" for being bearish on BARE, and told a viewer to buy in spite of insider selling. He would avoid KKD.

Related: Prudential analyst Howard Penney defends his bullish call on KKD.

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