Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Tuesday July 17. Click on a stock ticker for more analysis:
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Cramer admits he was wrong in thinking Kraft was just a "crummy" spinoff from MO, but says he's done well to own the latter company. He suggests piggybacking on activist investor Carl Icahn and master money manager Nelson Peltz, who keep buying Kraft; Cramer predicts Pelz may increase his position in the stock by another 3%. Since "activists, in general, tend to outperform the indices," Cramer would follow the leaders, and would wait to buy more when the stock dips a few points.
Related: Lon Juricic reports KFT's jump on Peltz's 3% stake.
Up, Up and Away: Spirit AeroSystems Holdings (NYSE:SPR)
Cramer admits he was stumped when a caller asked about this stock, but since he has done some research on SPR, Cramer says the stock is a triple buy. SPR is the chief supplier of parts to Boeing's Dreamliner plane, which Cramer says is "the best thing since sliced bread." He added SPR has very clear growth potential if the plane is a success, and the stock sells at only 16 x next year's earnings. In addition, SPR could get some business from Boeing rival Airbus, and will go higher, since aerospace is in bull mode, according to Cramer. He suggests buying half a position before and half after SPR reports earnings.
Related: Jeffrey Lin discusses small and mid-cap beneficiaries from Boeing's Dreamliner.
European Play: ABB Ltd. (NYSE:ABB)
For Tuesday's pick, Cramer looked to Switzerland where "500 years of democracy and peace have produced nothing but the cuckoo clock, and ABB Ltd." He calls this stock "the single best pure play on infrastructure around the world." Since power plants are difficult to build, ABB's expertise is very much in demand, and the company just announced a strong quarter and has "tons" of cash to make an acquisition or raise its dividend.
Related: Tim Konrad says ABB is advancing transmission and distribution efficiency.
Cramer told one viewer not to be worried that COP pulled back after its 9% gain last week, and would use the decline as a buying opportunity. "I hope it goes to $80 so I can buy some for my charitable trust," he added. When asked about his recommendation of CALP last year, Cramer says while the company has solid technologies, the life sciences industry "just doesn't have it right now." Cramer said VOLC is in the same boat as CALP and added, "You can buy it here, but it probably won't move until the fall." For the remainder of the summer, he would buy tech and best-of-breed stocks in his five bull markets.
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