Jim Cramer's Lightning Round

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Cramer's 'Mad Money Lightning Round': Smoke Will Clear on Clearwire

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:

Disney(DIS Quote): "That stock itself is a screaming buy ... they have bought back a gigantic amount. Bob Iger is a proven winner. This stock goes higher. I would buy it right here."

Clearwire(CLWR Quote): "They priced this deal badly. With everybody in it, they got hurt. ... I think that Clearwire is a long-term winner. We are not gonna make any money on it now because all the flippers are in. It remains a buy."

Ameriprise Financial(AMP Quote): "Warren Buffett likes it. I like it. ... this is growning at 10%, just 14 times earnings. BuyBuyBuy [played about 50 times]!"

Savient Pharmaceuticals(SVNT Quote): "They got a phase III deal coming. It's all good. I never liked Savient for the earnings. It's all in the pipeline." Cramer prefers Celgene(CELG Quote), Genzyme(GENZ Quote) and Gilead Sciences(GILD Quote).

Patterson-UTI Energy(PTEN Quote): "We are not gonna buy domestic drillers, because we are offshore. PTEN is a bear." Cramer's choices are Transocean(RIG Quote), GlobalSantaFe(GSF Quote) and Halliburton(HAL Quote). Cramer has Transocean and Halliburton in his Action Alerts PLUS charitable trust.

Washington Group(WGII Quote): "If you want to be in that business. ... you gotta go buy Foster Wheeler(FWLT Quote). They don't have a lot of overrun."

Walgreen(WAG Quote): "Anytime you can get that stock below 45, you pull the trigger. The best safety in the retail business."

Marsh & McLennan(MMC Quote): "There's no earnings momentum there. ... They need a new guy at the top or they should sell themselves. Marsh Mac is a no-go."

Kinross Gold(KGC Quote): "Is a sale. ... We want to be in Yamana Gold(AUY Quote)."

*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.