Jim Cramer's Mad Money In-Depth Stock Picks, Nov 6

|
Includes: AABA, AAPL, AKAM, AMD, ATVI, BBI, BBY, CMCSA, COST, CSCO, DIVX, EA, GLW, HPQ, KKD, LVLT, NFLX, NILE, ORCL, QSFT, TGT, TWX, VZ, WMT
by: Miriam Metzinger

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Monday November 6.Click on a stock ticker for more analysis:

Tech Rules!: Wal-Mart (NYSE:WMT), Target (NYSE:TGT), Best Buy (NYSE:BBY), Costco (NASDAQ:COST), Verizon (NYSE:VZ), DivX (DIVX), Comcast (NASDAQ:CMCSA), Time Warner (NYSE:TWX), Akamai Technologies (NASDAQ:AKAM), Level 3 Communications (NASDAQ:LVLT), Cisco (NASDAQ:CSCO), Advanced Micro Devices (NASDAQ:AMD), Apple (NASDAQ:AAPL), Oracle (NYSE:ORCL), Quest Software (NASDAQ:QSFT),Hewlett-Packard (NYSE:HPQ), Yahoo! (YHOO), Corning (NYSE:GLW), Electronic Arts (ERTS) and Activision (NASDAQ:ATVI)

Cramer commented that every market needs a leader and the head of the pack right now is tech. At the beginning of the year, cyclicals and "red hot mining plays" were at the top until gold made a huge run, and then consumer staples were the stocks to buy. Although oil is now the "ultimate trade," it is not a "must-own" sector and, retail seemed promising but cannot lead given Wal-Mart's stumble, which also brought down TGT, BBY and COST. Cramer likes VZ, DIVX, CMCSA, TWX, AKAM, LVLT, CSCO, AMD, AAPL, ORCL, QSFT, HPQ, YHOO, GLW, ERTS, ATVI.

The Last Laugh: Krispy Kreme (KKD)

Krispy Kreme, the butt of Cramer's jokes for years, is finally a buy, says Cramer, who criticized bears for attacking the integrity of Howard Penney of Prudential after he recommended the stock. Cramer says that Penney is "honest and ethical" in addition to being a good analyst and correct about his bullish call on KKD, since extreme negativity about a stock can often signal a buy. He acknowledges that it is a speculative play, but that "No one who is scared owns it," Cramer said. "They have already sold the stock." He recommends KKD to those who don't mind a bit of risk.

Related: Herb Greenberg says Cramer is "flip flopping" on Krispy Kreme • Herb Greenberg critiques Howard Penney's bullish call on KKD

Blockbuster's Sequel: Blockbuster (BBI), Netflix (NASDAQ:NFLX)

Although Cramer believes that BBI has been an "unbelievable dog," he notes that the company recently beat its estimates, has made a profit for the first time in two years, and has a plan that entails exchanging DVDs for free rentals. Even though the word "free" is a red flag for a company on the verge of recovery, Cramer believes this scheme could lure customers from NFLX. In addition, Cramer believes that the lack of coverage of BBI until now is an advantage, and he would buy the stock for six months but reminds buyers to use limit orders on it

Related: Davis Freeberg takes an in-depth look at BBI's DVD/free rental scheme.

CEO Interview: Mark Vadon of Blue Nile (NASDAQ:NILE)

When Cramer asked if investors should back away from this stock after Piper Jaffray downgraded NILE to a sell, Mark Vadon replied that while he doesn't spend his time debating analysts, he "couldn't disagree more ... We have a ton of business ahead of us ...We are the largest jeweler on the Internet and dominate engagement on the Web." Cramer pointed out NILE's "very scary" gross- margin decline, but Vadon said, "We've been accelerating growth in the last couple of quarters ... We've been growing close to 30%," he continued. "It's translating into profitability and overall positioning us for the future." Cramer recommends staying with Blue Nile.

Related: Bambi Francisco notes that Blue Nile was at the top of the net stocks short interest list.

More: Cramer's latest stock picks, including: Mad Money Recap, Lightening Round, Stop Trading and his Radio Show.

Get Cramer's Picks by email -- it's free and takes only a few seconds to sign up.

Seeking Alpha is not affiliated with CNBC, Jim Cramer or TheStreet.com