Jim Cramer's Mad Money In-Depth Stock Picks, 8/8/07

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Monday June 4. Click on a stock ticker for more analysis:

Wall Street Casino: Cisco (CSCO), Under Armour (UA), Coke (K), Pepsi (PEP), Level 3 Communications (LVLT)

Cramer compared the stock market to a poker table at the Fed's casino where Ben Bernanke can change the rules at will. Everyone thought John Chambers, CEO of Cisco, was bluffing when he said networking was strong and announced a big buyback five days before the end of the quarter, but it turned out he was holding a full house. Cramer doesn't think Cisco's luck has run out yet, and thinks LVLT also has a "hot" hand. Under Armour had a poker face all quarter and showed a straight flush. Everyone sees Coke and Pepsi's hand, comments Cramer, and they will always have three of a kind, which is good in the current environment. However, financials have such "crummy" hands that they don't even try to fake it anymore.

Related: Paul Kedrosky reports Cisco is optimistic about video streaming.

CEO Interview: Mackey McDonald, VF Corp. (VFC)

Cramer praised VFC for focusing on its brands and for expanding overseas while the domestic retail sector has been challenged lately. McDonald said the consumer is still buying, but is concentrating on high-quality products. "having a portfolio of strong brands is extremely important," he added, "We're always looking for additional brands. We establish a target list of areas we're not strong in that we want to be strong in. We find the best brands to fit those needs and try to make the best acquisitions we can." Cramer says VFC doesn't need the American consumer to thrive.

Related: Ted Allrich makes the bullish case for VFC.

Mad Mail: Hitting Home

When a viewer asked Cramer if a cut in interest rates will be bad for the dollar and harm investor holdings relative to the rest of the world, he said he doesn't care about dollars and tariffs, but is concerned about millions of Americans who are faced with the prospect of losing their homes.

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