Cramer's 'Mad Money Lightning Round': The Gift of Celgene

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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" Thursday evening:

Morgan Stanley (MS): "I like Morgan Stanley. There's no doubt about it. I'm a bull about Morgan Stanley." But Cramer said he likes Goldman Sachs (GS), which he owns for his Action Alerts PLUS charitable trust, even more. "When Goldman Sachs is down another 5, that, my friends, is better than Morgan Stanley."

Altria (MO): "This is a stock to buy on the way down. ... Let's hope that it comes down so we can buy more." Cramer owns Altria for Action Alerts PLUS.

Wachovia (WB): "Wachovia Bank's OK here. I'm not going to rave about it." Cramer said he likes Bank of America (BAC) more. "That's cheap!"

Rackable Systems (RACK): "I believe that Rackable Systems represents really bad tech." Cramer said to go with one of his four horsemen of tech: Apple (AAPL), Google (GOOG), Amazon (AMZN) and Research In Motion (RIMM). "Those are all better."

"Celgene (CELG) down below 60 was just a gift. It was a gift that would keep giving."

Potash Corp. of Saskatchewan (POT): "Potash is OK. When it comes to fertilizer, I like to go to Chile. I like to go to SQM (Chemical & Mining Co. of Chile (SQM))."

Annaly Capital Management (NLY): "This is a stock that needs interest rates lower." But Cramer said that CEO Mike Farrell "will be able to pull it off. At 14, I would buy more."

Gilead Sciences (GILD): "That one's coming down, and so is Celgene. This group does tend to go down when the interest rates go higher. This is the time to get into Celgene and into Gilead."

Knight Capital Group (NITE): "I happen to like Knight. I happen to like the management of Knight. ... But you know what? I don't want to be in Knight. ... I think that whole group is going lower. I don't want to touch them until they're lower."

Rentech (RTK): "It is too speculative."

Cramer also was bullish on GOL Linhas Areas Inteligentes (GOL) and McDermott (MDR).

*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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