Jim Cramer's Mad Money In-Depth Stock Picks, May 21

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Monday May 21. Click on a stock ticker for more analysis:

Alcoa Inc. (AA), Altria (MO), American Express (AXP), American International Group (AIG), AT&T (T), Boeing (BA)

Cramer predicted another 1,000 points for the Dow by the year's end and dedicated the week to discussing the 30 Dow stocks. He noted AA has been up 30% and predicts it will reach $42-$45. If it combines with Alcan, Cramer says AA could be part of a "delicious aluminum oligopoly." Cramer comments MO's 10% rise is not enough, especially given its 4% yield. Since it has spun off Kraft, Cramer envisions MO dividing into International and American divisions, one with a big dividend and one with growth potential. Cramer says AXP is "deceptive," since it quietly delivers but is up only 5% this year and is trailing behind Mastercard in valuation. He predicts AXP will climb up to $72. AIG doesn't get the respect it deserves, according to Cramer who says Metlife should not be worth more than AIG, which has a gigantic business in China. He says AIG has been held back by the massive selling of deposed head Maurice "Hank" Greenberg, and is a $81 name masquerading as a $71 stock. AT & T surpassed Cramer's expectations, since it has risen 13% after he predicted a mere 6 point rise. His new prediction is T will inch its way to $45. Cramer also revised his target for BA from $100 to $105 because of its excellent earnings.

Give Some Credit to Total System Services (TSS), Automatic Data Processing (ADP)

Cramer would buy TSS, a debit and credit card information card processor, which is a subsidiary of Synovus Financial. Although in similar situations, Cramer usually prefers a parent company, he feels that TSS could get taken over by a private equity firm. In addition, TSS has solid fundamentals, double-digit growth and is debt-free. While ADP may also be a takeover target, Cramer feels TSS is a better option because it is cheaper.

CEO Interview: John Sztykiel, Spartan Motors (SPAR)

John Sztykiel discussed the "tremendous amount of profitable growth ahead for the company," and explained the company is focused on three growth opportunities; mine-resistant ambush-protected vehicles, recreational autos and emergency vehicles. While Cramer comments SPAR has paused for a bit, he likes its story and says it is in "bull-market" mode.

Related: Daniel Andreas Jacome sees more upside for Spartan Motors.

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