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Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Tuesday March 27.

KB Home (NYSE:KBH), Lennar (NYSE:LEN), McDonald's (NYSE:MCD), Baker Hughes (NYSE:BHI), Schlumberger (NYSE:SLB), Ensco (NYSE:ESV), Dollar General (NYSE:DG), Family Dollar (NYSE:FDO)

In recent weeks, investors have tended to shoot at stocks in certain sectors and ask questions later. Often, they allow headlines from one stock to color the rest of the stocks in a specific group, and miss huge gains. KB Home (KBH) reported dismal news that made investors doubt the housing comeback thesis. However, those who sold homebuilders missed out on Lennar (LEN), which blew away the numbers. McDonald's (MCD) reported some problems which, as it turned out, were mainly MCD specific, and those who sold restaurant stocks were on the sidelines while these stocks rallied. Another stock that is unfairly being used as a bellwether for a sector is Baker Hughes (BHI), which reported negative news. However, BHI is more levered to natural gas than its peers Schlumberger (SLB) and Ensco (ESV), which have declined because of BHI. These stocks may be buys because they are being unfairly punished.

Cramer is counting on dollar store stocks to get hit on what he expects to be disappointing numbers from Family Dollar (FDO). This should allow investors to get into Dollar General's (DG) secondary offering; it is worth doing, since DG is a well-run company.

CEO Interview: Emanuel Chirico, PVH Corp. (NYSE:PVH)

PVH (PVH) is the leading manufacturer and distributor of men's dress shirts and ties. The stock has seen a 130% gain since Cramer got behind it in 2008, 32% since December. The stock tends to get hit after it reports earnings, but then rebounds. PVH reported an 8 cent earnings beat on a 10% increase in revenues. However, guidance was mixed, but management believes strength will come in the second half of the year. CEO Emanuel Chirico discussed the 18% increase in same store sales for Calvin Klein and 15% for Tommy Hilfiger in the U.S. These brands have significant European exposure and have been hurt by currency issues, but the domestic business is sufficiently strong to deliver sales. Chirico says he believes these two brands could be huge in China in the foreseeable future.

CEO Don Knauss, Clorox (NYSE:CLX)

Clorox (CLX) is a company that hires a large number of former veterans, 16% of its employees. CEO Don Knauss is a former marine artillery officer who hires veterans as a matter of principle. Knauss discussed this policy, along with the company's 34-year history of dividend increases. While natural gas is cheap, Knauss says he hasn't yet seen a significant easing in input costs. CLX continues to innovate with products like the Brita single serving filter, an innovation created with the help of social media.


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Source: Cramer's Mad Money - Don't Sell First And Ask Questions Later (3/27/12)