Jim Cramer's Lightning Round

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Cramer's 'Mad Money Lightning Round': Amgen Can

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:

First Marblehead(FMD Quote): "Up 2 bucks in reaction to the big selloff yesterday, but SellSellSell."

Amgen(AMGN Quote): "Worst is over ... we've seen the stock go from 55 to 60. ... J&J(JNJ Quote) making a comeback. I think Amgen can, too. Let's buy some Amgen."

GOL Linhas Areas Inteligentes (GOL Quote) "At 28, we got a gift here. ... Brazil is up 28% for the year. We had a little profit-taking. Pull the trigger. Make your move."

Optium(OPTM Quote): "Like the high bandwidth, optical networking, but Don'tBuy. This group is too hard for me."

Bank of America(BAC Quote): Cramer likes the yield, the buyback, the management. "Feels real good to me here. ... at 51 with a 4.3% yield, you are going to make money."

Peabody Energy(BTU Quote): "Just went from 38 to 48. ... I think that BPU pulls back to 45, and that's where you do it [buy]."

Jones Soda(JSDA Quote): "We have seen the stock triple. ... 20 it goes to 30. Down 4, do we start buying it again? Yeah, I would buy Jones Soda down here."

American International Group(AIG Quote): "I own AIG, up nicely but not enough. Every day I go home and curse Hank Greenberg ... because he's constantly selling the stock. ... if he would ever stop selling, the stock would go to 75." Cramer has AIG in his Action Alerts PLUS charitable trust.

Rigel Pharmaceuticals (RIGL Quote): "I would rather do Nastech(NSTK Quote)."

Cemex(CX Quote): "Cemex, Homex(HXM Quote), Mexico -- all good. Cemex is going to have a monopoly on cement by the time they're done."

Lundin Mining(LMC Quote): "When that stock got to 10, once again the hate mail [got] so thick that I was just swimming in it. ... I am just one first-class masochist. I backed the truck* up to that name. And that's why it's at a 52-week high." Cramer said it's headed to 15.

*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.