Cramer's 'Mad Money Lightning Round': Aerospace Up, Up and Away

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Here's what Jim Cramer had to say about some of the stocks that callers offered up during the "Mad Money Lightning Round" Wednesday evening:

Boeing(BA Quote) : "It's two thumbs up, way up." Cramer said that Allegheny Technologies(ATI Quote), Precision Castparts(PCP Quote) and United Technologies(UTX Quote) all have shown that aerospace is strong.

Valero Energy(VLO Quote): "I don't think Valero is going to do much. It's up 3 bucks, down 3 bucks." Cramer offered Transocean(RIG Quote) and Halliburton(HAL Quote) instead, both of which he owns for his Action Alerts PLUS charitable trust.

NYSE Group(NYX Quote): "Bear case says there's gonna be a massive lockup-expiration of 20 million shares. ... My canvass of the stock [which Cramer owns for Action Alerts PLUS] tells me that none of the big holders are gonna sell." Cramer reiterated his $200 price target. "Those who doubt me, take a look at Goldman 'Slacks'(GS Quote)."

SunOpta(STKL Quote): "Swapping out of SunOpta and going into Hain(HAIN Quote)."

Georgia Gulf(GGC Quote): "They don't realize that this is really a PVC play, which goes into housing. ... Swap out of yours and go into U.S. Gyp(USG Quote)."

Level 3 Communications(LVLT Quote): "This stock has had a miraculous run ... this is one of my growth stocks that are speculative for the year. I reiterate my buy. ... If it ever goes below 6, you back up the truck*."

Pfizer(PFE Quote): "Dead money." Cramer said he "would vastly prefer" Schering(SGP Quote) or J&J(JNJ Quote) ... Amgen(AMGN Quote) or Genentech(DNA Quote). "Keep selling the Pfizer. It's like owning a bond, only a little less exciting."

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