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Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Tuesday July 24. Click on a stock ticker for more analysis:

CEO Interview: Indra Nooyi, PepsiCo (NYSE:PEP)

"The stocks are saying there's going to be a slowdown, so it would be wise for you to prepare for it," said Cramer, and while he isn't urging people to sell all their cyclicals yet, he suggests its time to take some profits. He invited Pepsi CEO and chairman Indra Nooyi onto the show to discuss the company's great performance which she said was due to the company's diverse portfolio and stellar management. Nooyi added, in terms of financial resources, Pepsi is not constrained, and in terms of people-resources, North America is growing and the company's international business is "exploding." Cramer mentioned a Wall Street Journal story that Nestle turned down a merger with Pepsi because it considers the latter company junk-food laden. Nooyi pointed out Pepsi's expansion into non-carbonated beverages and healthy snacks and its production process which conserves energy and water. Cramer remarked Pepsi delivered better than expected numbers and is a the right stock to buy.

Related: George Spritzer discusses Pepsi's covered call.

Remember the AlaMobile: Texas Instruments (NASDAQ:TXN), Nokia (NYSE:NOK), Ericsson (NASDAQ:ERIC), Sony (NYSE:SNE), Analog Devices (NASDAQ:ADI), National Semiconductor (NYSE:NSM)

With back -to-school tech gadgets in production, Cramer discussed TXN which was hit by a selloff; "I don't care about the quarter," he said. "I care about the future, because that is where we're going to make our money." He would use the decline as a buying opportunity, and thinks its mobile business will energize TXN. He added NOK, ERIC, SNE, ADI and NSM are also doing well. Returning to TXN, Cramer predicts the next quarter will be excellent and adds the company has a "massive rest-of-world" exposure.

Related: William Trent takes a closer look at TXN's balance sheet.

Go Cisco (NASDAQ:CSCO)! with Juniper Networks (NYSE:JNPR), and Ciena (NYSE:CIEN)

Cramer discussed a Financial Times interview during which Cisco CEO John Chambers says he's more enthusiastic about the company than he has been in a decade and the internet is entering a second phase which should last 10 to 15 years. Since Cisco provides the "backbone" for many types of communcation, Cramer doubts Chambers is just trying to sell his company, and notes Cisco rivals are delivering but have less upside than Cisco. Cramer noted Cisco is not expensive, is below its 52-week high, has $22 billion in cash and is protected from the ailing economy with its big international exposure.

Related: Georges Yared reports Cisco is expecting a 25-30% upside.

Mad Mail: Six Flags (NYSE:SIX), Men's Wearhouse (NYSE:MW)

Cramer told one viewer not to touch financial stocks. He said he doesn't like SIX's balance sheet, and added the stock will do badly if the weather is not good. He told another mailer he doesn't like Men's Warehouse.

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Source: Jim Cramer's Mad Money In-Depth Stock Picks, 7/24/07