Cramer's 'Mad Money Lightning Round': Apple's Not Baked

Stock quotes in this article: AAPL , RIG , MSFT , DO , LMT , GD , DNA  

To see the full "Mad Money" Recap, please click here.

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

"Apple(AAPL Quote) is the best-acting technology stock in the book. ... I don't trust much of technology until we get to the summer ... Apple is best in show. Pull the trigger on any weakness."

Yamana Gold(AUY Quote): "I saw gold creeping up today, and I was shocked. ... I think gold is a good place to go. I think that people should have one gold stock out of 10. And the one they should own is Yamana." Cramer would back up the truck at 12.

SAIC(SAI Quote): "Had to give up on it. ... That particular segment of defense spending has apparently slowed a bit. ... I like Alliant Tech(ATS Quote)." Cramer also gave a nod to Lockheed Martin(LMT Quote) and General Dynamics(GD Quote).

Genentech(DNA Quote): "Meandering between 80 and 85. Avastin's problems are way overblown." Cramer doesn't like Genentech as much as Celgene(CELG Quote), Gilead Sciences(GILD Quote) and Genzyme(GENZ Quote).

Microsoft(MSFT Quote): "Everybody's known that Vista's not selling well. ... I think that Microsoft at 26 merits a buy ... rock-solid balance sheet and a business that is not going away. ... BuyBuyBuy."

Diamond Offshore(DO Quote): "The pecking order of drillers is very clear." Cramer put Transocean(RIG Quote), which he owns for his Action Alerts PLUS charitable trust, first, followed by GlobalSantaFe(GSF Quote). "Only then would you pick up Diamond Offshore."

Garmin(GRMN Quote): "I thought Garmin acted very well today. ... Let the stock come in to 50 -- then I need you to pull the trigger multiple times."

*For all you home-gamers, a 'mon-back opportunity means Cramer would back up the figurative truck and load up on a stock.

Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here.

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At the time of publication, Cramer was long Transocean.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor TheStreet.com, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on TheStreet.com. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.





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