Jim Cramer's Lightning Round

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Cramer's 'Mad Money Lightning Round': Apple's Not Baked

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:

"Apple(AAPL) is the best-acting technology stock in the book. ... I don't trust much of technology until we get to the summer ... Apple is best in show. Pull the trigger on any weakness."

Yamana Gold(AUY): "I saw gold creeping up today, and I was shocked. ... I think gold is a good place to go. I think that people should have one gold stock out of 10. And the one they should own is Yamana." Cramer would back up the truck at 12.

SAIC(SAI): "Had to give up on it. ... That particular segment of defense spending has apparently slowed a bit. ... I like Alliant Tech(ATS)." Cramer also gave a nod to Lockheed Martin(LMT) and General Dynamics(GD).

Genentech(DNA): "Meandering between 80 and 85. Avastin's problems are way overblown." Cramer doesn't like Genentech as much as Celgene(CELG), Gilead Sciences(GILD) and Genzyme(GENZ).

Microsoft(MSFT): "Everybody's known that Vista's not selling well. ... I think that Microsoft at 26 merits a buy ... rock-solid balance sheet and a business that is not going away. ... BuyBuyBuy."

Diamond Offshore(DO): "The pecking order of drillers is very clear." Cramer put Transocean(RIG), which he owns for his Action Alerts PLUS charitable trust, first, followed by GlobalSantaFe(GSF). "Only then would you pick up Diamond Offshore."

Garmin(GRMN): "I thought Garmin acted very well today. ... Let the stock come in to 50 -- then I need you to pull the trigger multiple times."

*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.