Jim Cramer's Lightning Round

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Cramer's 'Mad Money Lightning Round': Walter Wows 'Em

TheStreet.com Staff

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

Devon Energy(DVN): If you are a speculator about energy prices ... it's Devon Energy. Best record of finding oil and natural gas in this country."

MasterCard(MA): "Up so much that what I worry about is that there are people who are gonna ring the register all the way down. ... The people who don't take the profits are gonna feel like hogs. ... I wouldn't start a new position right here. ... But down a few I'm gonna be back on that horse, or pig."

Starbucks(SBUX): "Let Starbucks come in. ... I do not care about short-term fluctuations. When this stock gets to 32, 33, we are backing up the truck.*"

Helmerich & Payne(HP): "If I am going to go into oil service ... I'm going to go King Hal (Halliburton(HAL), which Cramer owns for his Action Alerts PLUS charitable trust)."

"Verizon(VZ) is good to go. I would own it. "

Waste Management(WMI): "A good business-cycle play. ... I like Waste Management. I'm giving it two thumbs up."

Panera Bread(PNRA): "A high-growth stock like Starbucks ... but I am not backing away from liking Panera, but only one thumb up because it's not delivering the numbers I would like to see."

Trump Entertainment(TRMP): "There is so much firepower in Trump, it should not be far behind the Las Vegas Sands(LVS) or the Wynn(WYNN). ... Going to 25, 26."

Alcoa(AA): "We are doing a triple sell on Alcoa. ... After restructuring, they can't get it right. And the price of aluminum isn't helping them. If you want to be in minerals, Lundin Mining(LMC)."

Walter Industries(WLT): "Too cheap, too cheap, too cheap. You get Walter Industries the homebuilder, you get an unbelievable coal company. ... Steel, too ... the ultimate value stock and I'm not backing away."

Level 3(LVLT) 'Stock is going down, lots of people panicking. ... LVLT is the single best play on the shortage of bandwidth. I still think this stock could double in a couple of years. Why back away? Why not back up the truck?"

*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.