Jim Cramer's Lightning Round

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Cramer's 'Mad Money Lightning Round': No Momentum for Motorola

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" Wednesday evening:

Foster Wheeler(FWLT): "Because I like to play with the house's money, I've done a little schnitzel [sale] now and then, but I'm not selling the rest." Cramer owns it for his Action Alerts PLUS charitable trust. Cramer said FWLT and KBR(KBR ) "both have the single-best pin action [on] all the new oil that's been found."

O2 Micro International(OIIM): We're trying to stay away from mixed signals [circuits]." Cramer told the caller he wanted him to sell the stock.

Conceptus(CPTS): "An alternative to a way that you currently get vasectomies." Cramer said he liked it but he can't rave about it.

SanDisk(SNDK): "For a trade it can go to 47, but this stock has got tremendous tax-loss selling. ... Wait till January if you have to own SanDisk."

Dollar General(DG): "I see a trade 14, 17, 14, 17. I can't get wild about that." Cramer also was sour on Family Dollar(FDO) and Wal-Mart(WMT). Cramer offered Sears(SHLD), which he owns for his Action Alerts PLUS, and J.C. Penney(JCP) instead.

UAL(UAUA): "You are now courting the bear. ... I want you to ring the register. ... You must take that money off the table. I cannot have you turn that money into a loss."

CPFL Energia(CPL): "Too dicey. ... I think that a Brazilian 4% yield is not enough to keep you with so-so growth. ... I want you to ring the register. I always fear that Brazil is just a trade."

Brightpoint(CELL): "Too hard a business. I don't want to touch it."

Arena Resources: "It is a sleeper oil stock but it's up a lot. ... I still like Devon Energy (DVN) better."

Indevus(IDEV): "Lotta ways to win. ... A good speculative play." But Cramer suggested viewers do their homework on this one.

Motorola(MOT): "Can't get behind the Motester. Been a real House of Pain. I see no momentum there." Cramer said he doesn't like the Nokester (Nokia(NOK)), either. "I don't like the cell-phone business," he said.

Bio-Reference Laboratories (BRLI): Cramer offered Quest Diagnostics(DGX) instead. ... "I have been calling a bottom here at 52 bucks [in Quest]." He owns it for AA Plus.

Best Buy(BBY): "It was the best of times at Best Buy, it was the worst of times at Circuit City(CC). Best Buy should be bought here. They are annihilating Circuit City." Cramer asked if there even should be a Circuit City.