Jim Cramer's Lightning Round

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Cramer's 'Mad Money Lightning Round': Qwest for Profit

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:

Genentech(DNA Quote): "DNA ... is in the crosshairs of a lot of negative statements that they made about themselves. ... I still think that this one's worth owning. ... Remember the pecking order." Cramer said it's Gilead(GILD Quote), Celgene(CELG Quote) and Genzyme(GENZ Quote).

"Time Warner(TWX Quote) and Comcast(CMCSA Quote) are both in the same boat ... Ever since Verizon(VZ Quote) really stepped up to the plate with this FiOS [Internet service], there's too much of a possibility of a price war."

Sears Holdings(SHLD Quote): "Eddie's [Lampert] starting to put money behind brands ... will be a growth stock and an asset management stock. ... I am redoubling my effort to get people into Sears before it gets to 200." Cramer owns Sears for his Action Alerts PLUS charitable trust.

Devon Energy(DVN Quote): "Devon's my favorite of the oils. ... I like the drillers more than I like the oils myself." Cramer likes Transocean(RIG Quote), which he owns for his charitable trust, and GlobalSantaFe(GSF Quote), which he says will get a bid.

Onyx Pharmaceuticals(ONXX Quote): "Big pullback after they came out with that incredible cancer drug."

Yum! Brands(YUM Quote): "I am concerned about YUM ... didn't go down enough after that Taco Bell incident. ... I think you should get out of Yum ... I like so many other restaurant chains." Cheesecake Factory (CAKE Quote) and Chipotle were two that Cramer mentioned.

TD Ameritrade(AMTD Quote): "I didn't know that stock was below 15. That's attractive here. ... That's too cheap."

Brocade(BRCD Quote): "Suffering from the same incredible, unbelievable bear market that tech is in right now. ... I still think that Brocade could be a good trade. Let me get more intel from that meeting about how it's going before I slam the stock."

Qwest Communications(Q Quote): "Upward and upward some more ... 22 million shares traded today ... part of a major ramp. I'm sticking by Qwest. I'd even like to buy more." Qwest is sharing in a huge government contract, too.

Stride Rite(SRR Quote): "Not going up here. I don't think that's good for your game."

Nvidia(NVDA Quote): "I am not a fan of graphic chips. ... I'm saying take profits in Nvidia."

Gmarket(GMKT Quote): "I think the worst is over. ... This is the Korean eBay. ... I would never back away from it down here. If it gets back to 20, SellSellSell."

Marvell(MRVL Quote): Has "now come back to under 17. ... Still can't get their financials out because of this darn options probe." Cramer said it reminded him of Bausch & Lomb(BOL Quote). "Don't want to sell at 16, because there's too much upside. ... beginning to make me feel like they're morons."

Kinder Morgan Energy Partners(KMP Quote): "So in the House of Pleasure; 6% dividend, monster good management; shareholder friendly."

*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.