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

Cramer Cries Foul:United Technologies (UTX), Microsoft (MSFT), Honeywell (HON), IBM (IBM), Fluor (FLR), Union Pacific (UNP), CSX (CSX)

Cramer declared he was sick and tired of "taking abuse from people who say I've gotten it wrong," specifically Robert Samuelson who wrote in a recent Newsweek article that Cramer advocates rate cuts only to create a short-term lift for stocks. Cramer argued he has been advocating rate cuts for a year, and band-aid stimulus packages "that give away taxpayer monies that we don't have" are not the solution. Instead, he advocates a rate reduction of 1.75% and said the Fed was "unsophisticated, arrogant and incredibly reckless." Cramer said in the current environment, he would consider buying UTX, MSFT, HON, IBM, FLR, UNP, CSX.

Excuses, Excuses: Motorola (MOT), Nokia (NOK)

Sometimes a "loser" company's excuses can bring down good companies. Cramer cited MOT, which reported "abysmal" numbers last week, admitted mobile sales were down 38% and blamed the economy. As a result, there was a huge selloff of MOT and NOK, even though NOK reported a 44% increase in sales, bigger market share and strength in foreign markets. Nokia should not be punished for Motorla's sins, particularly since MOT makes products "no one wants to buy" and lacks vision.

CEO Interview: Emanuel Chirico of Phillips-Van Heusen (PVH) also with stocks Liz Claiborne (LIZ ), VF Corp (VFC), Jones Apparel (JNY)

Cramer says retail is the place to be if there will be another rate cut and mentions he likes LIZ, VFC and JNY in addition to PVH. Emanuel Chirico said although his company was one of the first in the sector to issue warnings about a sluggish consumer, PVH recently beat its estimates by two cents a share. While inventories are up slightly, Chirico highlighted PVH's successful buyback program and its renaming Continental Airlines Area to Izod Arena, which will be a strong marketing tool. While Cramer likes all the retail names he mentioned, he adds PVH is the cheapest in the group.

Mad Mail: McDonald's (MCD), Diana Shipping (DSX)

Although McDonald's declined on slow domestic sales, Cramer had this to say about the fast-food giant: "I think MCD is a major buy here, with a 3% yield, great balance sheet, big buyback... raising dividend… I think you take advantage of it, and buy it.' Although Cramer has been negative on DSX since its CEO made lukewarm comments on Mad Money, a viewer asked Cramer if now as the time to buy DSX, which has landed four new contracts. Cramer says when he hears pessimistic comments from a CEO, he is prepared to "cut and run" with no regrets.

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Source: Jim Cramer's Mad Money In-Depth, 1/28/08: MOT Knocks NOK