Jim Cramer's Lightning Round

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'Mad Money Lightning Round": Go With Best Buy

Scott Rutt

Here's what Jim Cramer had to say about some of the stocks that callers offered up during the "Mad Money Lightning Round" Monday evening:

Bank of America : "If you like Bank of America, you should like Wells Fargo (WFC) even more. They've got less leverage and should do even better when the real estate bottom hits."

Clean Energy Fuels (CLNE): "Now that the Pickens' Plan fizzled, these stocks have nothing left. We're getting a rally from hedge fund selling; use it to scale out unless you're a speculator."

Best Buy (BBY): "I like Best Buy. There's a new broadband TV due to be announced at the Consumer Electronics Show and that could be a whole new product cycle for Best Buy. I want to own that."

Royal Bank of Canada (RY): "That one has been hit by the weak Canadian dollar, but I do think that Canadian banks with decent balance sheets will eventually be OK."

Google (GOOG): "I feel that Google is having a good quarter and is a decent stock but in the end it's hostage to advertising. That makes it only a mild buy."

Ultra Petroleum (UPL): "I want you to buy more. Natural gas is done going down, that's my prediction. They are the lowest cost producer. I want to buy Ultra."

Goldman Sachs (GS): "I've got a new thesis on Goldman. I think they're cheap, their balance sheet is clean and I believe in their CEO. "

Itron (ITRI): "I recommended this one and I've been wrong, but I'm doubling down right here and re-recommending it."

Cabela's Inc (CAB): "Stop being interested. That one's a walking heart attack. That one is and has been a sell. If you want sporting goods, I'd be in Dicks Sporting Goods (DKS)"

Check out the latest edition of "Cramer's Take on Top-Searched Stocks" on Stockpickr.

*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.