Jim Cramer's Mad Money In-Depth Stock Picks, 7/11/07

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Wednesday July 11. Click on a stock ticker for more analysis:

That 80s Show: Air Products and Chemicals (APD)

Cramer discussed APD which he believes will follow the pattern of stocks that reach $80, catch momentum, gain institutional buyers, and continue to move higher to $100 and eventually to $120. In search of a bull market, APD was a simple gas business that moved into energy and electronics. Cramer notes APD is also an environmental play, since it is the world' s leading producer of hydrogen which refineries use to clean up oil.

Related: James Fraser reports APD and Fuel Cell are building an advanced hydrogen energy demonstration station.

E = MC Squared: EMC (EMC)

Cramer likes EMC as an investment or a trade because it owns VMware, a company which produces money-saving products and has been described as "the next Google." He added, "I know the heart of Wall Street. That's why I am sure people are going to fall in love with the VMware story." EMC is spinning off VMWare at a range between $23 and $25, but Cramer thinks the range could increase by $10, because interest in the deal will "explode." Since EMC will still hold a portion of VMware, it will benefit from the IPO's success. Cramer believes EMC is undervalued, its estimates are too low, and it should rise on its July 24 earnings report. He suggests buying some on Thursday between 10 and 11 am, and picking up more when the stock dips.

Related: Dennis Byron thinks new shareholders will get "virtually nothing" from the VMware spinoff.

CEO Interview: Theodore Solso, Cummins Engine (CMI)

Theodore Solso wanted to corrrect a common misconception that Cummins is mainly a trucking play. CMI has moved beyond trucking, and "The investment community hasn't understood that until the first quarter of this year." Solso discussed organic growth domestically and abroad in China and India. Cramer commented CMI is "not done going up."

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 e-mail -- it's free and takes only a few seconds to sign up.

Seeking Alpha is not affiliated with Jim Cramer, CNBC or TheStreet.com