Jim Cramer's Lightning Round

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Cramer's 'Mad Money Lightning Round': Hey Abbott

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" Friday evening:

Abbott (ABT Quote): "It's just a great company. ... It's got great drugs and great diagnostics. ... You know I like diagnostics for the show cause I talk about them all the time."

Infinera (INFN Quote) "I don't want to be in this, another digital optical play."

Southern Copper (PCU Quote): Listen, chief ... why not be in FCX (Freeport McMoRan (FCX Quote)? ... It's got gold, it's got copper. ... When the BHP (BHP Billiton (BHP Quote) ... smoke clears, BuyBuyBuy." Cramer owns Freeport McMoRan for Action Alerts PLUS.

Nordstrom (JWN Quote): "I saw Tiffany (TIF Quote) was down ... everyone keeps saying the high end's bad. ... If the high end's bad, how come Costco (COST Quote) had a great quarter? ... I would buy JWN."

E*Trade (ETFC Quote): "I think if you're Ken Griffin and you're in Citadel, you're buying it ... everyone else is gonna get hurt. ... It was a disaster. ... The fact that I ever at any time thought positively about it was just wrong, and I just think E*Trade is a loser. Period. End of story."

Anthracite Capital (AHR Quote): "That's a residential REIT. ... just buy NLY (Annaly (NLY Quote) ... I'm sorry I can't be more positive."

Anadarko (APC Quote): "We like Anadarko. I like Apache (APA Quote). ... My favorite remains ... XTO (XTO Quote). ... These are just great well-run oil and gas plays, and I'd recommend them to anyone."

American Standard (ASD Quote): "I've been doing a lot of work on it ... I was going to recommend it tonight. ... They've done the restructuring. ... This thing can't stay independent -- it's too good a business."

Northern Trust (NTRS Quote): I'm gonna give ya a two-fer. ... Northern trust and State Street (STT Quote), the two best-run financial institutions in the country. ... The bears put out negative stories about [them]. ... Go read their presentations. This was a travesty. ... I want to recommend Northern Trust up here, and I want to recommend State Street, even up here."

*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 by clicking here.