Jim Cramer's Mad Money In-Depth Stock Picks, 9/28/07

by: Miriam Metzinger

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Friday September 28. Click on a stock ticker for more analysis:

Wall of Shame Revisited:Patricia Russo of Alcatel Lucent (ALU) and Michael Cherkasky of Marsh & McLennan (NYSE:MMC)

Cramer took viewers back to his Wall of Shame, and said if Patricia Russo of ALU and Michael Cherkasky of MMC “just vanished, leaving no one at the helm, their stock could go higher." He sees a potential departure in the case of ALU’s Russo, since the company has given her a deadline of one month to restructure the company after ALU’s third earnings miss of the year. MMC which is in “complete and utter disarray” will gain if Cherkasky leaves or if the company splits up into three different divisions which could mean a 14% upside.

Related: Joe Ponzio elaborates on ALU's weaknesses.

Speculation Friday Pick: BioMarin Pharmaceutical (NASDAQ:BMRN)

Cramer replaced Savient, his former speculative biotech pick, with BMRN because of its drug Kuvan, which, if approved, could be the only drug to treat phenylketonuria or PKU. The treatment will be very expensive and the stock will do badly if the FDA doesn’t approve Kuvan, but Cramer is confident that Kuvan will be approved by the end of the year. At the same time he warned that, like all speculative stocks, there are risks involved with BMRN.

Lon Juricic reports hedge fund heavyweights Citadel LP and SAC Capital are buying BMRN.

Reaching 14,548?: Exxon Mobil (NYSE:XOM), Verizon (NYSE:VZ), General Motors (NYSE:GM) and Procter & Gamble (NYSE:PG), McDonald's (NYSE:MCD), Alcoa (NYSE:AA), Coca-Cola (NYSE:KO) and Merck (NYSE:MRK), Wal-Mart (NYSE:WMT), Home Depot (NYSE:HD), Pfizer (NYSE:PFE) and Johnson & Johnson (NYSE:JNJ), Boeing (NYSE:BA), DuPont (NYSE:DD), Caterpillar (NYSE:CAT), Altria (NYSE:MO)

Cramer analyzed the Dow for signs that it may be reaching his prediction of 14,548. So far, XOM, VZ, GM and PG exceeded their price goals and have more upside. MCD, AA, KO and MRK are trading around individualized targets. However, he expects nothing from WMT, HD, PFE and JNJ. He believes that four stocks will lead the way to 14,548: BA, DD, CAT and MO.

Mad Mail: GigaMedia (NASDAQ:GIGM) and Amazon (NASDAQ:AMZN)

Cramer says he regrets discussing GIGM as an ISP company during a Lightning Round session. Cramer would wait to buy AMZN, but he believes it is going up because its costs are low and its revenue is high.

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