Cramer's 'Mad Money Lightning Round': RIO Grande

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" Tuesday evening:

Aruba Networks (ARUN Quote): "Blowout quarter last week. ... How 'bout we wait for a pullback before we back up the truck.* ... That company is very high."

Merrill Lynch (MER Quote): "I'm gonna alleviate any worry for you. First of all, we don't care where our stock's been -- we care where it's going, and Merrill Lynch is not going to have any problems going over $100. ... Very well-run ... trading at 11 times earnings." Cramer said the stock is too cheap and recommended buying right here.

Level 3 Communications (LVLT Quote): "This stock is a creeper. ... It goes up a couple; then it pulls back a buck and a half. ... I think this stock is going to finish the year ... at between $7 and $8." Any pullback, Cramer said, is just another opportunity to buy.

Target (TGT Quote): "Let's take a little off the table and go into Wal-Mart (WMT Quote), where the real turn" is happening.

Aluminum Corp. of China (ACH Quote): "Ring the register. The Chinese market is overheated. ... I'd rather see you in America than in China."

Targa Resources (NGLS Quote): "I've been doing a lot of work on Dominion Resources (D Quote). ... I think that one may be a better-diversified" utilities company. "So let's make that switch."

Palm (PALM Quote): "I need you out of Palm. I would rather see you in RIM (RIMM Quote). ... That's the one that is doing better. It's got better fundamentals."