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'Mad Money Lightning Round': Qualcomm Is Heading Higher

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:

Qualcomm (QCOM): "I missed this one. People told me about it and I didn't listen. All I can say is that it's going higher."

GeoEye (GEOY): "No, we decided we didn't like it. It missed the quarter. No high- resolution satellites for me. Sell, sell, sell."

Hershey Foods (HSY): "I don't think Hershey has the horses. I see the house of pain for that company. On any lift I want you to sell, sell, sell."

Sears Holding (SHLD): "I'm not confident with Sears. I like their CEO, Eddie Lampert, but I only like Costco (COST), Wal-Mart (WMT), TJX Companies (TJX) and Urban Outfitters (URBN). Everything else is a sell. "

Dana Holding (DAN): "No, I don't like Dana. I don't like the whole business. I say sell."

Gran Tierra Energy (GTE): "I don't want you to run for the exits here. Buy some more if it falls below $7."

American Capital Strategies (ACAS): "In the end, this is a financial company and it's high risk. I don't like it because I don't like banking and I think there are still too many risky loans."

General Steel (GSI): "I've looked at it and I like it. I like United States Steel (X) and Reliance Steel (RS) and I think you should buy them all on any weakness."

*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.