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Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Tuesday August 14.

Will the Euro Turn Around? CurrencyShares Euro Trust ETF (NYSEARCA:FXE). Other stocks mentioned: Deutsche Bank (NYSE:DB), UBS (UBS)

While many think the euro is doomed, technical analyst Tim Collins, who called the top in the CurrencyShares Euro Trust ETF (FXE) at $130, thinks the FXE might see a turnaround. The FXE has been falling since March, and every bounce has been temporary. The TRIX indicator shows a bullish crossover that occurred twice this year. However, the FXE fell after this pattern, and a more reliable indicator is the Relative Strength Index, which Collins thinks may be showing a tradeable bounce. If the FXE breaks through its ceiling of resistance of $123, it could complete an inverse head and shoulders pattern and go to $125.

The FXE daily chart has been miserable, but Collins believes it may break its wedge pattern, and if it goes past $127, it might see highs of $140 or even $150 in the next 12 to 15 months. However, if the FXE does not go past $122, it may drop to $115 by the end of the year.

Cramer took some calls:

Cramer thinks European corporate bonds may be a good investment, but time and research is required to figure out which preferreds are best.

Deutsche Bank (DB) is "ten times better than UBS (UBS)."

Home Depot (NYSE:HD), Pulte Group (NYSE:PHM), KB Home (NYSE:KBH), Mohawk Industries (NYSE:MHK), Sherwin Williams (NYSE:SHW), Masco (NYSE:MAS), Weyerhaeuser (NYSE:WY), Lumber Liquidators (NYSE:LL), Whirlpool (NYSE:WHR), Stanley Black & Decker (NYSE:SWK), eBay (NASDAQ:EBAY), Metals USA Holdings (NYSE:MUSA), U.S. Steel (NYSE:X), Nucor (NYSE:NUE)

Home Depot (HD) is a tell on the bull market on housing-related retail. The stock rose to an all-time high after its strong quarter, and the domestic retail sales number was strong. Home Depot indicated that housing in general is improving, especially in once-troubled areas like Florida and California. While Home Depot is a bit high to buy right now, Cramer would hold onto the homebuilders, particularly Pulte Group (PHM) and KB Home (KBH). Home Depot's inventories were lean, so it is likely going to buy more supplies; this is good news for Mohawk Industries (MHK), Sherwin Williams (SHW), Masco (MAS), Weyerhaeuser (WY) and Lumber Liquidators (LL). Since LL has run significantly, Cramer would wait for a pullback to buy. Whirlpool (WHR) has been a disappointment, but it is now "just too darn cheap to avoid." While Stanley Black & Decker (SWK) has a sizeable European business, the fact that the company rallied after reporting disappointing earnings shows that many of its European problems were baked into the stock. Since Paypal is a preferred method of paying at Home Depot, eBay (EBAY), which owns Paypal, might see some pin action off of HD.

Cramer took a call:

Metals USA Holdings (MUSA) is a cheap stock, but Cramer prefers U.S. Steel (X). However, his favorite in the sector is Nucor (NUE) which has a solid dividend.

CEO Interview: Steve Sadove, Saks (NYSE:SKS). Other stocks mentioned: Coach (NYSE:COH), Tiffany (NYSE:TIF)

Since Coach (COH) fell apart after earnings at the end of July, investors have been afraid of high-end retail. Cramer thinks these fears might be overdone. Saks (SKS) delivered a lower than expected earnings loss, a 5 cent miss, when The Street was expecting a 9 cent loss, with revenues light, rising 5.1%. The main part of the story was its 4.7% rise in same store sales and its prediction of mid-single digit sales increases for the remainder of the year. "We are in acceleration mode," said CEO Steve Sadove. When asked if tourists to New York are spending less, Sadove replied that European tourists are more cautious, but customers from China are confident about spending.

Saks is increasing its shoe selection by 40%, and women's apparel is strong, especially more trendy, high-fashion clothes. High-end jewelry is selling well, which indicates that, according to Cramer, "Tiffany's (TIF) problem is Tiffany." Saks is closing underperforming stores and opening new locations. The stock has given investors a 22% gain since Cramer got behind it last December, and "the stock isn't done."

CEO Interview: John Schiller, Energy XXI (NASDAQ:EXXI)

Energy XXI (EXXI) is a pure play on offshore oil and gas, and is a good stock to consider buying with a rebound in oil. EXXI owns a third of the major oil fields in the Gulf of Mexico and continues to make profitable acquisitions. The company beat earnings by 3 cents with a 21% growth in revenue, however, the stock trades at a multiple of 6, a 33% discount to its peers. CEO John Schiller discussed the intention to purchase more assets, especially since the company has cleaned up its balance sheet and reduced leverage. Cramer thinks EXXI is "the most undervalued oil company in the country."

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Source: Cramer's Mad Money - Will The Euro Rebound? (8/14/12)