Jim Cramer's Lightning Round

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Cramer's 'Mad Money Lightning Round': Monsanto's Corny

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:

Hudson City Bancorp(HCBK Quote): "A really well-run savings and loan ... but with yield curve inverted, Don'tBuyDon'tBuy."

Monsanto(MON Quote): Bears and analysts don't understand that this is part of the ag play, Cramer said. They look at it too much as a chemical company. "Has hybrid corn seeds in a world in which we are short corn seeds. I would be an aggressive buyer right here at 59." Cramer has referred to Monsanto before as a biotech play.

Force Protection(FRPT Quote): "I am torn on this. ... I believe that Spartan(SPAR Quote) [a stock Cramer learned more about on his visit to Indiana University last week], which then gives the products to Force Protection, is a better play."

Veraz Networks(VRAZ Quote): "It is not working. It is worrisome to me. ... Better to admit that I'm wrong than to pretend that I'm right and have it keep going against us."

XM Satellie Radio(XMSR Quote): "Very problematic. ... I wanted the two to merge, but the FCC [Federal Communications Commission] is making it very difficult. The hope for Sirius(SIRI Quote) is that XM goes bankrupt. ... The FCC and Congress have made this deal too difficult. I want to SellSellSell XM Satellite."

"Crystallex(KRY Quote) has been creeping up ... I think in part because of the fantastic CNBC game. Buy on weakness, sell on strength." Cramer fears that one of the company's mines in Venezuela could be confiscated by President Hugo Chavez's government, which informs his approach to this stock.

Virgin Media(VMED Quote): "I want VMED to be bought here. A play for cable in London, Europe. ... I think I want you to pull the trigger on Virgin Media."

Research In Motion(RIMM Quote): "Hit a 52-week high today ... almost no other tech stock I follow did that ... this one is bucking an incredibly negative tech tape. ... RIM goes higher!

Toyota Motor(TM Quote): "Been hurt by weak sales of Tundra (Ford's(F Quote) F-150 truck competitor). ... Also been hurt by a strong yen." With a price of "126, c'mon, I'm doing a TripleBuy, all aboard."

Hexcel(HXL Quote): "Down more than 20% from its high. ... That's a colossal mistake [by the market]. BuyBuyBuy. I like that more than Precision Castparts(PCP Quote) here."

Washington Group(WNG Quote): "Foster Wheeler(FWLT Quote) is the way to play construction."

CDW(CDWC Quote): "Technology products to businesses and government ... like a contract company. ... I say ixnay, I can't go there."

Saic(SAI Quote): "Why am I worried about this company? ... I don't want to be linked to government spending right now because I don't think it is trustworthy." If you're going to go that route, Cramer suggested, lean toward defense contractors such as Lockheed Martin(LMT Quote), Northrop Grumman (NOC Quote), General Dynamics (GD Quote) and L-3 Communications(LLL Quote).

Cramer also was bullish on Sears (SHLD Quote), Agrium (AGU Quote), Deere (DE Quote), Time Warner (TWX Quote), Comcast (CMCSA Quote) and Allegheny Technologies (ATI 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.