Jim Cramer's Lightning Round

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'Mad Money Lightning Round': Sell Tata Motors

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" Wednesday evening at Penn State University:

Tata Motors (TTM Quote - Cramer on TTM - Stock Picks): "I think that Tata bit off more than it can chew with their acquisition today (of Jaguar and Land Rover brands from Ford). I want to sell, sell, sell Tata."

Public Service Enterprise (PEG Quote - Cramer on PEG - Stock Picks): "I have been surprised here. They guided down so small and people panicked. They're wrong. It's a buy."

Boeing (BA Quote - Cramer on BA - Stock Picks): "Boeing is troubling to me. It's a great American company, but this Dreamliner is a problem. The answer is "don't buy until they figure it out."

Moody's (MCO Quote - Cramer on MCO - Stock Picks): "Are you kidding me. I think the rating agencies are going away. I would sell this one right here."

McDonald's (MCD Quote - Cramer on MCD - Stock Picks): "I love McDonald's. I think the entry point is $53 to $54. This is a great long-term story."

L-3 Communications (LLL Quote - Cramer on LLL - Stock Picks): "I think L3 is one of the great defense contractors. I like General Dynamics (GD Quote - Cramer on GD - Stock Picks), I like Raytheon (RTN Quote - Cramer on RTN - Stock Picks) and I like Textron (TXT Quote - Cramer on TXT - Stock Picks) and L3."

Sony (SNE Quote - Cramer on SNE - Stock Picks): "That was one of the worst quarters I've ever seen. I want to sell Sony."

EMC (EMC Quote - Cramer on EMC - Stock Picks): "EMC is driving my crazy. Why is this stock going down? They still own a big chunk of VMware (VMW Quote - Cramer on VMW - Stock Picks), EMC is cheap, I like EMC."

Walt Disney (DIS Quote - Cramer on DIS - Stock Picks): "This company has been unrewarded for their great work. Everything points to Disney going up 25% from here. I think they're fabulous."

*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.