Jim Cramer's Mad Money In-Depth Stock Picks, 9/27/07

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program,Thursday September 27. Click on a stock ticker for more analysis:

Underestimating Under Armour (UA)

Cramer would take advantage of UBS “unbelievable” downgrade of UA from $72 to $68 as a chance to buy a good stock. The reason for the downgrade was unseasonably warm temperatures, but Cramer says once the weather cools off, UA may rise.

Feminine Mystique: Hologic (HOLX) and Cytec(CYT)

Cramer recommends HOLX “the greatest women’s healthcare company on earth” ahead of its proposed merger with CYT. The deal will allow both companies to consolidate, cut costs and grow beyond the 25% predicted for Hologic. However, Cramer emphasized the importance of buying ahead of the merger.

Sell Block: Savient ()SVNT), Chattem (CHTT), Google (GOOG), Research In Motion (RIMM), Apple (APPl), Amazon (AMZN)

Although it was among Cramer’s best speculative picks of the year, Savient has peaked and he believes the success of its Puricase drug is priced in the stock. Chattem has moved 100% since Cramer’s initial recommendation, and he thinks it would be greedy not to sell. In a surprising apparent about face from his position earlier in the week, Cramer would take some gains in the four horsemen stocks: Google, Research in Motion, Apple and Amazon. Hedge funds are driving up the price of these stocks by purchasing shares at a high volume. He says the bubble should burst around Friday, at end of the quarter, and he would buy more then, since he believes the companies will rebound.

CEO Interview: Patrick O'Dea, Peet's Coffee and Tea (PEET)

Cramer asked Patrick O’Dea if he was worried about news that Starbuck’s may face a decline, and O’Dea responded he thinks PEET’s is a smaller company that focuses on the coffee rather than the ambience and is growing 20% every year. Cramer would stay with Peet’s.

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Comments

[Lieutenant]

God I hope he is right about aapl, went short @149.80...little too early...oh well Im going long pretty soon...lets just hope the drop comes today or Monday!