Jim Cramer's Lightning Round

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Cramer's 'Mad Money Lightning Round': Beer and Wings

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:

Nastech Pharmaceutical(NSTK): Cramer says the company has viable markets in the treatment of autism, obesity and diabetes. "Meantime, nobody likes the stock. But it's got a lot of money. ... I think that this company is the ultimate biotech spec."

Pioneer Drilling(PDC): "We don't like the land drillers. We have been recommending Transocean(RIG) for the last 7 points." Cramer has Transocean in his Action Alerts PLUS charitable trust.

CMGI(CMGI): "A 10-for-1 reverse split, people would be all over it like a cheap suit. ... It's up 74%; we should let it cool off a little and then pull the trigger."

American Eagle Outfitters(AEO): "You're taking a risk. ... You're talking about a business of retail that is fickle. ... I would rather own J.C. Penney(JCP)."

The Williams Cos.(WMB): "You got clear sailing. ... Even though it's at 28, that's a good steady business."

Natco(NTG): "This is wellhead equipment ... could get a bid, and the earnings are really good."

Movado(MOV): "I do expect a dynamite quarter. ... When you have a stock that is up this much, you have to be a little cautious." Cramer says it was up on his recommendation and that he would like to see a little "pullbackski."

Landec(LNDC): It's part of Cramer's "ag play," which also includes Bunge(BG), Monsanto(MON) and Archer Daniels Midland(ADM). And Cramer said that despite homebuilders getting "schmeissed" and oil still running, he still likes it.

"Southern Copper(PCU) is the real deal. ... I think copper is going to remain in short supply for a number of years." That said, Cramer said Freeport-McMoRan(FCX) is best in show.

Buffalo Wild Wings(BWLD): "Combination of beer and hot sauce is a total winner."

*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.