Jim Cramer's Mad Money In-Depth, 11/26/07: Go Oprah!

by: Miriam Metzinger

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Monday November 26. Click on a stock ticker for more analysis:

Foster Wheeler (FWLT), Medco Health (NYSE:MHS), Altria (NYSE:MO), Freeport-McMoRan (NYSE:FCX), Transocean (NYSE:RIG), Coke (NYSE:KO), Pepsi (NYSE:PEP), Procter & Gamble (NYSE:PG)

Cramer admitted the five "bulletproof" investments he recommended on November 8: MHS, FWLT, MO, RIG, FCX, have not been holding up as he had hoped and changed his strategy for investing in a slowing economy: "Terrific earnings growth cannot make a stock bulletproof in this environment," Cramer said, and he discussed defensive stocks Coke, Pepsi and Procter & Gamble, names which usually do not decline in a recession. While he still likes Freeport's and Foster's' stories, he says the market has turned its back on the stocks right now.

Go, Oprah! Deckers (NASDAQ:DECK), Hasbro (NASDAQ:HAS), Discovery (NASDAQ:DISCA)

Oprah's favorite gift ideas this year include boots from Deckers, Hasbro's Scrabble game and Discovery's planet Earth CD. While predictions for holiday toy sales are not optimistic, Cramer noted the company did not sustain damage from recalls, and added HAS may be a two-year play. He prefers DISCA with its buyback program and potential to control 100% of Discovery Communications. Cramer's favorite of the three is DECK, which has increased 400% since his initial recommendation two years ago. The company has "strong brands," consistently overdelivers, and has solid growth in direct sales. During the holidays, Decker "is money," Cramer said.

CEO Interview, Stephen Waldis Synchronoss Technologies (NASDAQ:SNCR)

Cramer said SNCR is a behind-the-scenes telecom that deserves attention, and Stepen Waldis commented SNCR's software is the foundation of the infrastructure for companies like Verizon, AT & T and Comcast. The CEO added SNCR is making very aggressive moves into Europe.

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