Cramer's 'Mad Money Lightning Round': Smoke Will Clear on Clearwire

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

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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:

Disney(DIS Quote): "That stock itself is a screaming buy ... they have bought back a gigantic amount. Bob Iger is a proven winner. This stock goes higher. I would buy it right here."

Clearwire(CLWR Quote): "They priced this deal badly. With everybody in it, they got hurt. ... I think that Clearwire is a long-term winner. We are not gonna make any money on it now because all the flippers are in. It remains a buy."

Ameriprise Financial(AMP Quote): "Warren Buffett likes it. I like it. ... this is growning at 10%, just 14 times earnings. BuyBuyBuy [played about 50 times]!"

Savient Pharmaceuticals(SVNT Quote): "They got a phase III deal coming. It's all good. I never liked Savient for the earnings. It's all in the pipeline." Cramer prefers Celgene(CELG Quote), Genzyme(GENZ Quote) and Gilead Sciences(GILD Quote).

Patterson-UTI Energy(PTEN Quote): "We are not gonna buy domestic drillers, because we are offshore. PTEN is a bear." Cramer's choices are Transocean(RIG Quote), GlobalSantaFe(GSF Quote) and Halliburton(HAL Quote). Cramer has Transocean and Halliburton in his Action Alerts PLUS charitable trust.

Washington Group(WGII Quote): "If you want to be in that business. ... you gotta go buy Foster Wheeler(FWLT Quote). They don't have a lot of overrun."

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