Cramer's 'Mad Money Lightning Round': Tenaris Pipes Up

 

To see the most recent 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" Friday evening:

Powerwave: "The stock spikes up and you have to sell it. They're no longer trustworthy. They're not best of breed. Don'tBuyDon'tBuy."

Tenaris: "Oil piping is one of the hottest bull markets ... I would start doing some schnitzel buying here. ... Tenaris is best pipeline company in show."

Petroleo Brasileiro: "I think PBR at 100 is not as good as PetroChina."

Openwave: "I sent my minion out there to take a look at them this week. ... I'm not backing away."

Sirius Satellite: "That stock be going nowhere. Don't'ButDontBuy."

Goldcorp: "I think you gotta wait for a little more of a pullback. ... These stocks are trying to find a bottom. They're not at the bottom yet. Cramer says the stock is going to 35," and only then would I buy more Gigi."

Microsoft: "One of the most ugly quarters I have ever seen. It really did start the tech selloff. ... I would no longer sell Mister Softee; it's just too darn low."

Fluor: "Has now pulled back enough and I'm blessing right here." Cramer also recommended McDermott.

Pacific Ethanol: "This is a stock that is up, as of today, 300% in one year. ... You, my friend, [are] completely being a hog."

Crocs: "The shorts have been pushing it down. It's been punished. ... I think that Crocs is OK here. I would buy the stock."

Foster Wheeler: "I am not a seller of Foster Wheeler," which Cramer own for his Action Alerts PLUS charitable trust. "I am buying the infrastructure."

 

Lightning Round

Cramer was bullish on Tenaris(TS Quote), PetroChina(PTR Quote), Openwave Systems(OPWV Quote), Votorantim Celulose e Papel(VCP Quote), Fluor(FLR Quote), McDermott(MDR Quote), Pacific Ethanol(PEIX Quote), Crocs(CROX Quote) and Foster Wheeler(FWLT Quote).

Cramer was bearish on Powerwave Technologies(PWAV Quote), Petroleo Brasileiro(PBR Quote), Sirius Satellite(SIRI Quote) and Goldcorp(GG Quote).

*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.

Here's your chance to pick the stock you'd like me to feature on my radio show May 18:
Biovail
GM
J.C. Penney
Movie Gallery
Pfizer
 Zoltek

REMEMBER to listen in on Thursday for my take on the stock that wins this poll!
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At the time of publication, Cramer was long Foster Wheeler.

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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