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Cramer's 'Mad Money Lightning Round': Smith & Wesson Misfires

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" Tuesday evening:

Cramer gave Mexican cement play Cemex(CX) two thumbs up. "It's one of the best stocks out there," he said. The turmoil in Thai markets highlights the dangers of foreign investing, Cramer said. But Cemex's exposure to American markets puts it on solid ground.

He's no longer a big fan of Smith & Wesson(SWHC). "I don't like the stock," he said. "We rang the register, and we never looked back."

Cramer doesn't like JDSU(JDSU), which he lumped in with Ciena(CIEN). "They're too hard." He pointed investors to Cisco(CSCO) instead.

Cramer likes Allegheny Tech(ATI) as a play on the good times at Boeing(BA). "It makes titanium for Boeing," he said. "It is still too cheap."

For a caller who asked about Occidental Petroleum (OXY), he noted that it's heavily tied to crude prices, while a stock like Exxon Mobil(XOM) is less levered to them. "So I settle on Chevron(CVX)," Cramer said.

"It's a favorite for those who want steady income. It always seems to have a bid underneath it." He also cited Devon Energy(DVN) as a solid play.

Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here.