Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Monday October 9. Click on a stock ticker for more analysis:
Cramer compared picking stocks to fishing since there are always some missed opportunities, however he was determined not to let Guess? get away since it has the "best high-end jeans" and is attracting teen customers in droves. Although the stock is on its 52-week high and is up 109% Cramer believes that the stock is largerly ignored and is heading for another jump in the holiday season since its back-to-school sales were strong. Cramer refers to Guess? as an "aspirational brand" which is a notch up from Gap (NYSE:GPS), American Eagle (AEOS) and Pacific Sun (NASDAQ:PSUN), and he says that its margins will be good because it is selling so well. Although there "may be some volatility" Cramer expects Guess? to report solid same store sales. A caller asked Cramer about NILE which is low because of several downgrades. Cramer replied that he doesn't think the stock is cheap and does not like the price. He told another caller that while he is not backing off from IACI he thinks Google is doing well.
Related: Tim Boyd suggests buying Blue Nile on weakness.
Cramer recommended the soon-to-be public Science Applications International Corp which will trade under the symbol SAI as a great way to play the "military industrial complex" since 89% of its revenue is generated from the government. The company will be the main systems integrator for the Army and will provide information technology to NASA, which will put the company in the same category as LMT and NOC. Cramer is not concerned about the fact that the IPO has been delayed twice and predicts that it will go to $20. When asked about GD, Cramer predicted that it will go to $85 in the next six months but said that AH was "problematic."
Although Cramer believes that the auto sector is not good right now, he does see some potential in auto parts but would avoid Delphi and Dana which were trading furiously last week, but are on the Pink Sheets and have filed for bankruptcy and are too risky. However, private equity firms are looking to pick up such companies which means a good chance for some upside, and Cramer would buy LEA which has a great value and 4.4% yield and Autoliv (ALV) which makes safety devices and is doing well in China and Korea. Although Visteon (VC) may turn out to be a good stock, Cramer has a wait-and-see attitude.
Responding to e-mails, Cramer commented that NHWK's filing with the SEC to sell 5 million shares is "not a good sign." Concerning the short squeeze in FMD, he said, "the shorts have lost here so big you're not going to get a squeeze beyond that," and when asked about ATHR, he suggested taking some off the table.
Related: Neil Shanske sees plenty of upside in FMD.
More: Cramer's latest stock picks, including: Mad Money Recap, Lightening Round, Stop Trading and his Radio Show.
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