Jim Cramer's Lightning Round

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Cramer's 'Mad Money Lightning Round': Public Storage Story

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:

"General Motors(GM) is in a holding pattern. It can't do anything until the numbers start getting better. ... had they not lost Jerry York, the Tracinda guy, the stock would have gone to 40. Don'tBuyDon'tBuy."

Hertz Global(HTZ): "Take the money and run. ... I don't want to be there."

IntercontinentalExchange(ICE): "The ICE still does not melt. ... I do not understand why this stock is so strong, other than because it trades oil. ... Cramer likes NYSE Group(NYX) more and gave ICE a Don'tBuy. He owns NYX for his Action Alerts PLUS charitable trust.

Altria(MO): "This is not a show about politics; it's about making money. We've been making mad money in that name," said Cramer of Altria, which he called his No. 1 value stock. He owns it for his Action Alerts PLUS charitable trust.

Public Storage(PSA): "This is a stock that we have liked ... The skies are just blue. This group's [pseudo-commercial real estate] in bull market mode and it's not about to stop ... Two thumbs up, way up." Cramer said the bears erroneously lumped commercial in with residental.

LoJack(LOJN): "They missed the quarter. ... Here's my advice on LoJack. You gotta be a member of Triple A, that's a great organization."

Del Monte(DLM): "That company is poorly run."

ON Semiconductor(ONNN): "That particular part of the tech bull market is on hold, until August."

DivX(DIVX): Cramer originally recommended it at 18, which he said was "a fabulous call." But "when it got to 28, we said enough is enough." It's back at 21, and "I don't want to own it even though I know it's going to be the standard in Internet video."

Tower Group(TWGP): "I like Tower Group ... a little expensive, sells at four times book. A growth rate equal to its multiple."

King Pharma(KG): "I have disliked King Pharma for as long as the stock has been going down. I don't like the generics."

Tata Motors(TTM): Cramer said he recommended it so low, and it's all the way up to 22. Because of its run, he won't recommend it as a buy at these levels. He said it's OK to hold, but you may want to schnitzel [sell] a bit.

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