Jim Cramer's Mad Money In-Depth Stock Picks, 9/7/07

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Friday September 7. Click on a stock ticker for more analysis:

Up in Arms: Northrop Grumman (NOC), Raytheon (RTN), General Dynamics (GD)

For his Back-to-School program at Marshall School of Business at the University of Southern California, Cramer picked Northrop Grunman over other favored stocks, Raytheon and General Dynamics, as the ideal defense growth stock. Northrop’s superiority over the other two lies in its low price, impressive growth rate and buyback, according to Cramer.

CEO Interview: Bob Iger, Disney (DIS)

Disney is not just a “new media company,” but is actually the “only global brand” in the movie industry, Cramer said. He told Bob Iger that Disney “should be so much higher than it is now for so many reasons,” including its 28% growth in operating income, its buyback of $5.2 billion in stock, solid management and ability to reach today’s computer-oriented consumer. Iger agreed and said the Web is a ”powerful space we have to occupy” which Disney plans to accomplish through its acquisition of Club Penguin, a social networking site for kids.

Any Questions: CIT Group (CIT), Suntech Power Holdings (STP), Human Genome Sciences (HGSI), Nastech Pharmaceuticals (NSTK)

When a student asked about CIT, Cramer gave his approval; “If the Fed cuts rates, you have a $48 stock in a heartbeat.” While he is usually concerned about the risk involved in Chinese stocks, he said STP was alright because it “makes lots of money.” He told another student he prefers NSTK to HGSI because of the latter’s history of losses. >

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