Jim Cramer's Lightning Round

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Cramer's 'Mad Money Lightning Round': Pledging Allegiant

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" Thursday evening:

Harley-Davidson(HOG Quote): "What an up stock. The bears will not stop saying negative things. The bears are wrong ... highly valued ... but it's best of breed. HOG can't be stopped."

Navteq(NVT Quote): "I am concerned about Garmin(GRMN Quote) ... I feel that that has lost its edge ... I think it's [Navteq] a wrong stock, and I don't want you in it."

AsiaInfo (ASIA Quote): "When are they [callers] gonna come with China Mobile(CHL Quote), which is the only one endorsed on 'Mad Money'?"

Corning's(GLW Quote) a buy. ... This is a company that is now making hundreds of millions of dollars. I like their diesel divisions, which they don't even talk about. ... LCDs are coming back. I say back up the truck*, Corning."

Allegiant Travel(ALGT Quote): "Given away. An IPO that was given away," Cramer said of the carrier that came public "in the middle of the greated decline in oil in almost five years. It has been a rocket, almost a double, and it may not be done going up yet."

Acuity(AYI Quote): "Long-term growth rate 22%, sells at 17 times earnings, means it's still cheap." But with the stock at a 52-week high, Cramer suggested waiting for a pullback before you do a 'mon back.

Shaw Group(SGR Quote): "An infrastructure company that I haven't liked." Cramer says Foster Wheeler(FWLT Quote), ABB(ABB Quote) and Fluor(FLR Quote) are better.

Palm(PALM Quote): "I got my hands full trying to defend RIM (Research In Motion(RIMM Quote)). ... I need you in Apple(AAPL Quote)."

Illumina (ILMN Quote): "Had an unbelievable run, up 100% year over year. ... makes tools for genetic engineering."

Advanced Micro Devices(AMD Quote): "Blew it. They just blew it. They got too many factories. They're in a price war with Intel(INTC Quote). I frankly see them bleeding cash."

*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.