Jim Cramer's Lightning Round

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Cramer's 'Mad Money Lightning Round': AT&T on the Cheap

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:

Amgen(AMGN Quote): "I like Amgen at 69 ... I have to find out what's going on with this Aranesp [drug]."

Pain Therapeutics(PTIE Quote): "Sells at 60 times earnings ... I think it's too risky. I honestly would rather see you in a Celgene(CELG Quote) ... particularly if you can get it under 50."

Salesforce.com(CRM Quote): "I think the stock should be lower. I do not get why that stock hangs in in this bad market. ... I don't like it."

AT&T(T Quote): "Tomorrow morning ... it would be a gift if that stock opened down." Cramer likes the company's "yield protection, buyback and superb management. It fits all my criteria."

Retail Ventures(RVI Quote): "We are strictly in a no-prisoners mode. You take that and you ring the register. Out of Retail Ventures and into J.C. Penney(JCP Quote). "

Playtex Products(PYX Quote): "That kind of consumer-related business is not going to have a slowdown here." But Cramer says that Colgate(CL Quote), Diageo(DEO Quote). (which he owns for his Action Alerts PLUS charitable trust and Procter & Gamble(PG Quote) are higher-quality plays.

Choice Hotels(CHH Quote): "Been doing a lot of work on Wyndham(WYN Quote)," which Cramer prefers, along with Hilton(HLT Quote). He says they're both cheaper and better.

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