Jim Cramer's Lightning Round

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Cramer's 'Mad Money Lightning Round': Investment at Tiffany's

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" Thursday evening:

Companhia Vale do Rio Doce (RIO): "We've liked this stock literally for 15 points." But Cramer said its connection to China's economy, which is cooling, is a short-term negative. "Let it come in, then you'll have to buy it back. Rio is a great growth story ... as is Brazil."

TrustCo Bank(TRST): "Seemingly inexpensive ... problem is on a book value basis, it is very expensive. ... I say ixnay on the TrustConay. Let's go buy some Downey(DSL)."

Motorola(MOT): "Nokia(NOK) reported a pretty good number," which Cramer said surprised him. But "I've been right to stay away from Moto ... they sent me a press release about how Carl Icahn is not welcome on their board. ... Motorola, let Carl Icahn on your board. And if not, until then, [viewers], stay away."

Apple(AAPL): "Marking time ... one of just three tech stocks I said you could own right through to the summer."

Quicksilver Resources(KWK): "That's the good Quicksilver ... happens to be in my sweet spot ... a company that's done some fabulous work finding out-of-the-way oil-and-gas properties. ... should be bought ... along with XTO Energy(XTO)."

Procter & Gamble(PG): "I think it's a coiled spring ... I like management very much ... I say it's at the right level ... step up to the plate and buy it before it hits 65."

Southern Copper(PCU): "The Chinese are trying to cool off their economy ... let [it]come down, and then we'll do some buying."

RPM(RPM): Kind of has been lost in the shuffle. ... The long-term record with RPM [maker of Rustoleum] is so good, we're giving them the benefit of the doubt."

St. Jude Medical(STJ): "Two ways to win." Cramer said those are either to "get the heart business pumping much faster or we get a takeover. Do not abandon St. Jude even though it's had a nice run."

Dow Chemical(DOW): "They decided they don't want value ... you take the dividend , you hold the stock. Dow will be acquired."

Domino's Pizza(DPZ): "Surprised the stock has pulled back .... We stay long Domino's, and I want you to buy some."

Diageo(DEO): "When the stock got to 74, quite an anomaly after they reported a fantastic quarter." Cramer, who owns the stock for his Action Alerts PLUS charitable trust, says Diageo has three of his friends -- Jose Cuervo, Captain Morgan and Johnnie Walker -- working for it. "Stock just up 9 straight points. ... I want you to wait for a pullback to 80 before I want you to get involved."

Broadridge Financial(BR): "I do like the brokerage business, and that's what it's levered to."

Tiffany(TIF): "Holy cow is that ever a great company. Tiffany, Coach(COH), Ralph Lauren(RL), Guess?(GES) -- those are all premium brands that you can buy and pay high multiples for."

*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.