Jim Cramer's Lightning Round

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Cramer's 'Mad Money Lightning Round': State of W.R. Grace

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:

Magellan Midstream Partners(MMP): "You got a nice 5% yield, so you're not going to be in any danger even with Treasuries at 4.75%. But why not schnitzel a little? ... You're playing with the house's money."

ViroPharma(VPHM): "Got hurt so bad, feel that I shouldn't opine on it. ... I am going to direct you to the aforementioned Incyte Pharma(INCY) ... or Nastech(NSTK)." And for a blue chip, Cramer offered Celgene(CELG).

Opnext(OPXT): "This decline was really awful. ... I would rather see you in Corning(GLW). ... Got some of the same end markets, a better play."

W.R. Grace(GRA): "Up 108% year over year. ... It's not done going up. Always liked it before the asbestos problem. I still like it now."

Quiksilver(ZQK): "Paid way too much for a bunch of snowboards. ... If you are going to be in that best-of-the-apparel game, I am not your call. Too tough for me."

Level 3(LVLT): "Up just an unbelievable amount on this thing. ... It's pulled back. I say it's time to strike. ... Let me throw in Rite Aid(RAD). ... I am the only guy who champions" CEO Mary Sammons.

Best Buy(BBY): "Is there a day this stock doesn't go down after that great quarter? ... Retail's very tough. ... Keep our powder dry" until after expiration.

Manulife(MFC): "Finally a best-in-show name. ... also John Hancock for those of you who don't understand. ... If we were doing this show from O Canada, this would be the best of breed."

Companhia Vale do Rio Doce (RIO): "Some people thought I was just pandering to have Brazilian supermodels behind me. ... Still a buy because of the benign oligopolies that own nickel mines."

Halliburton(HAL): "Got that gigunda buyback going on. The stock is finally moving. Whole group is rolling. ... not done going up, going to keep going up." Cramer owns it for his Action Alerts PLUS charitable trust.

Six Flags(SIX): Cramer says CEO Mark Shapiro is "best in show." But the "ticket has to come down from the day I spent $180 going to that Hurricane Harbor ... and they closed the park at 5 o'clock. But I am a forgiving man."

Taiwan Semiconductor(TSM): "Don'tBuyDon'tBuy."

Cramer also was bullish on MetLife (MET) and Prudential Financial (PRU).

*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.