Jim Cramer's Lightning Round

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Cramer's 'Mad Money Lightning Round': EMC's Eminence

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:

Micron Technology (MU Quote - Cramer on MU - Stock Picks): "I'm going to send you to Nvidia(NVDA Quote - Cramer on NVDA - Stock Picks)."

Merck (MRK Quote - Cramer on MRK - Stock Picks): "We don't care about where stocks have gone. We care about where they're going to. Merck no longer has that good yield. ... I think it's time to SellSellSell. I would switch over to Schering-Plough (SGP Quote - Cramer on SGP - Stock Picks)."

Amazon (AMZN Quote - Cramer on AMZN - Stock Picks): "Yesterday, Sanford Bernstein upgraded. ... The numbers are too low. ... But this is part of the Nasdaq. I believe that it represents one of the greatest buys going into the Christmas season. It's also one of my four horsemen. ... When the smoke clears, these are the ones to go to. In the interim, it's the House of Pain."

UIL Holdings(UIL Quote - Cramer on UIL - Stock Picks): "It's a good stock. It yields 5%. I like the utilities. ConEd(ED Quote - Cramer on ED - Stock Picks) is my favorite."

Casual Male Retail Group (CMRG Quote - Cramer on CMRG - Stock Picks): "No, no. ... Yesterday, I stuck my neck out and recommended American Eagle (AEO Quote - Cramer on AEO - Stock Picks)," along with Gap (GPS Quote - Cramer on GPS - Stock Picks) and Kohl's (KSS Quote - Cramer on KSS - Stock Picks). "It didn't work at all." Cramer said he is still sticking by those three stocks. "I don't need that Casual Male, 52-week low. That's not for me."

O'Charley's (CHUX Quote - Cramer on CHUX - Stock Picks): "Not bad, not bad. Casual dining is just absolutely awful right now. ... Casual dining that I've recommended is just Chipotle (CMG Quote - Cramer on CMG - Stock Picks). ... It's just different from the rest. Without a really special story, casual dining is in a bear market."

Qualcomm (QCOM Quote - Cramer on QCOM - Stock Picks): "They bought back a ton of stock ... but I have said to them personally, and I'll say to you, Qualcomm must settle" its patent dispute with Broadcom(BRCM Quote - Cramer on BRCM - Stock Picks), which "is just scaring people off."

Wal-Mart (WMT Quote - Cramer on WMT - Stock Picks): "Gotta give you a Don'tBuy. ... I'd rather own Costco (COST Quote - Cramer on COST - Stock Picks)."

Burger King (BKC Quote - Cramer on BKC - Stock Picks): "Great stock! Absolutely fantastic numbers. Expectations remain low. I've been buying McDonald's (MCD Quote - Cramer on MCD - Stock Picks) for my charitable trust, Action Alerts PLUS."

Hawaiian Electric (HE Quote - Cramer on HE - Stock Picks): "Everyone hates, but I love that 6% yield, so I'm not giving up on that."

EMC (EMC Quote - Cramer on EMC - Stock Picks): "I think that this is a play both on its own earnings and on VMware(VMW Quote - Cramer on VMW - Stock Picks), which is down again today. ... EMC is undervalued. ... I would buy EMC. Under $19, I think EMC's a gift. This market's giving you some gifts. Don't take them all at once." Cramer owns EMC for his charitable trust.

Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here.