Jim Cramer's Lightning Round

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Cramer's 'Mad Money Lightning Round': All Aboard the Big Board

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" Monday evening:

Ford(F Quote): "I don't mind the company but the stock symbol F is wrong. I would be in the Ford convertible bond. ... I think that Ford will be successful in its turnaround."

Denny's(DENN Quote): "They did not have a good month," but "I am sticking by them." Not doing as well as Blockbuster(BBI Quote) and Dynegy(DYN Quote), but part of "my little under $10 package that is ramping and still goes higher."

Companhia Vale do Rio Doce(RIO Quote): "This company accomplished something that no other companies could do in the Western Hemisphere ... it literally merged with its No. 2 competitor [Inca] ... created a mineral powerhouse. ... I think it's got 45 written on it. ... Ultimately goes to $50."

NYSE Group(NYX Quote): "NYX is a good story. ... I was talking with two of the largest holders of this company. Not only do they intend not to sell, they are still buying. ... I am anxious to pull the trigger again because I think it is so darn undervalued vs. when that Euronext deal closes." Cramer owns NYX shares for his Action Alerts PLUS charitable trust.

Yahoo!(YHOO Quote): "The people who tossed this stock out on Friday (based on a negative article in The Wall Street Journal ... they have been a lot wrong," said Cramer, who owns Yahoo! for Action Alerts PLUS.

USG(USG Quote): "Deeply levered to the housing market, and you know I am a bear on housing. ... Housing's going lower and subprime is a fiasco." Cramer says a subprime crash could result in the Fed eventually cutting interest rates twice.

Big Lots(BIG Quote): "It's up 120% year over year" ... so don't be a pig, Cramer suggested.

Heelys(HLYS Quote): "Overvalued." Cramer said he went to a couple of sporting goods stores and "they're stocked to the gills" with Heelys. "I'm negative on Heelys."

News Corp.(NWS Quote): "I think it's actually getting close to the point where you want to ring the register," said Cramer, who owns it for Action Alerts PLUS.

BEA Systems(BEAS Quote): "I recommended it at 12. Right now I'm giving myself 30 lashes. ... I am disappointed in how this company reported. ... But I want to stick with it now."

Quiksilver(ZQK Quote): "Awful, awful. One of the worst quarters I have seen from any apparel company. ... Probably too late to sell right now, but if that stock rallies, SellSellSell [it was actually a lot more Sell buttons than that]."

*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.