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Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Tuesday October 30. Click on a stock ticker for more analysis:

South of the Border Banking: Whirlpool (WHR), Colgate (CL), Banco Bradesco (BBD), Banco Itau (ITU)

Cramer calls Brazil an "investor nirvana" as more people are looking overseas to escape U.S. subprime woes. While some domestic stocks such as WHR and CL are cashing in on Latin American exposure, Cramer suggests taking a look at Brazilian banks because "credit cards and mortgages are a recent discovery." Cramer likes Brazilian banks BBD and ITU, which are both takeover targets, and prefers BBD because it is larger, issues fewer bad loans, leads in asset management insurance and pension plans, has its ATMs in wealthier areas, and trades at 14 times earnings while ITU trades at 16 times earnings.

Corning (GLW): Underpromise, Overdeliver

Cramer says undervalued Corning is likely planning to underpromise and overdeliver. The company should benefit from an FCC ruling striking down monopoly agreements cable companies have with developers and owners for apartment buildings. Also, GLW uses bendable optical fiber, which makes installation cheaper and easier.

Related: Eric Savitz reports GLW may have some problems with all three of its divisions: LCD glass, telecom and diesel filters.

Litmus Test Tesoro (TSO), Valero (VLO), Sunoco (SUN) and Marathon Oil (MRO)

Cramer comments "everyone's favorite wheeler and dealer" Kirk Kerkorian's $64 bid for a 16% stake in Tesoro is good news for fellow oil refiners VLO, SUN and MRO; the latter is Cramer's favorite, since he predicts it could rise up 18% if Kerkorian is right and refiners have indeed bottomed.

Related: Tradermark with more details on Kerkorian's stake in Tesoro.

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Source: Jim Cramer's Mad Money In-Depth, 10/30/07: Buy Brazilian Banco Bradesco