Jim Cramer's Mad Money In-Depth Stock Picks, May 30

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Wednesday May 30. Click on a stock ticker for more analysis:

Matchmaker, Matchmaker! Yahoo (YHOO) and eBay (EBAY)

While Cramer does not suggest investing in either of these companies individually, he would buy Yahoo and eBay if they merged. They were both downgraded by Merrill Lynch, and with slowing growth, Cramer does not see much upside in the individual companies, but he doesn't think they will sink either. While both companies have been depending on buybacks to prop up their stocks, Cramer says eBay and YHOO sould grow together, since Yahoo has users and eBay has Skype and Paypal. A merger would create an "internet colossus" which would offer a credible challenge to Google.

Related: Larry Dignan reports on the sudden departure of Yahoo's CTO, Farzad Nazem.

Cleveland Cliffs (CLF), CVRD (RIO)

Takeover speculations are profitable for companies, even if the mergers don't happen, says Cramer, who discussed CLF, the largest iron ore pellet producer in North America. He thinks this stock will attract call options and experience a run-up on takeover rumors, and thinks a likely buyer may be RIO. Cramer predicts the company could be sold at $88 a share, which he says is a conservative estimate. Although the stock is up 10% from where he initially recommended it, Cramer says CLF has "tremendous upside."

CEO Interview: John McMahon: Genesis Lease (GLS) with GOL (GOL)

When Cramer asked why airlines would want to rent airplanes, John McMahon replied not all airlines can afford to purchase their own aircrafts. He commented on the new company's increasing client-base and is optimistic about future growth. Cramer commented that he would rather own GLS than any other airline except for GOL.

Related: Cramer discussed GLS on his May 23rd Mad Money Program.

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