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Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Tuesday May 27.

Thar She Blows: Kaydon (NYSE:KDN)

Cramer predicts 2009 will be the year for wind power, although the difficulty is finding a pure play on the “best form of renewable energy.” Industrial bearings producer KDN currently has a grip on half the market for wind turbine bearings, and while less than 10% of revenues come from wind, this figure is expected to double next year and triple in two years according to Cramer’s “low-ball estimates.” While KDN is nearing its 52-week high, it is trading at a mere 19 times next year’s earnings with a 14.5% growth rate, and is cheap.

New Tech Wonder: SPX (NYSE:SPW) Corp.

Cramer says SPX is the ultimate new tech stock, since it is levered to things people actually need, such as clean drinking water, alternative energy and power transformers. Its four major divisions are flow technology, test and measurement, thermal equipment and industrial products and services, and Merrill Lynch recently stated SPX Corp is the “best leveraged to global power markets in our coverage universe.” Cramer is bullish on SPW, but warned investors not to pay too much for the stock, which is thinly traded.

Revisiting Russian Stocks: Mechel (NYSE:MTL), Wimm-Bill-Dann Foods (NYSE:WBD), Central European Distribution (NASDAQ:CEDC), Central European Media (NASDAQ:CETV), CTC Media (NASDAQ:CTCM)

Cramer was happy to report the five Russian stocks he recommended on Apri 7th were up an average of 13.7% while the S&P 500 rose only 1%. Still, the mini-portfolio needs trimming, and Cramer would get rid of CTC Media because of its poor performance and because he should not have picked two media stocks. CTCM only has 12-13% market share and recently overpaid for an acquisition. Cramer would keep the rest of the Russian stocks, but would happily let CTC defect.

Mad Mail: Apple (NASDAQ:AAPL), GameStop (NYSE:GME), Nucor (NYSE:NUE)

Cramer told one viewer how to play Apple on the new iPhone release: sell 25% the day before, 25% in the morning, 25% in the afternoon and hold on to the remaining 25%. He said he is less excited about GME after its disappointing conference call and thinks NUE is low enough to buy.

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Source: Wind Is In - Cramer's Mad Money (5/27/08)