Cramer's 'Mad Money Lightning Round': Apple's Worth Preserving

Stock quotes in this article: CDWC , KMP , KMI , CEDC , BRO , NLY , MOT , AAPL , PWAV , QSII , MDRX , PSYS , SIRF , GP , PCL , WY , SONC , MRVL , BRCM  

To see a full "Mad Money" recap, please click here.


Here's what Jim Cramer had to say about some of the stocks offered up by callers on the "Mad Money Lightning Round":

Apple(AAPL Quote): "You, my friend, are in good shape," Cramer told a caller who said he owned 400 shares of the stock. "I think Apple goes to $55. ...Apple's the first stock I recommended on "Jim Cramer's Mad Money," and I'd stick with it."

Kinder Morgan Energy Partners (KMP Quote): "I finally get to do a 'mon back*. I like Kinder Morgan Energy Partners for its 5% yield, and I like it for KMI (Kinder Morgan Inc. (KMI Quote)).

Brown & Brown(BRO Quote): "I'm in bull-market mode for insurance companies, and I like this one."

SiRF Technology(SIRF Quote): "I won't put it in the same camp -- the rarified camp -- as Marvell Technology(MRVL Quote) or Broadcom(BRCM Quote), but it's pretty darn good."

*For all you home-gamers, a 'mon-back opportunity means Cramer would back up the figurative truck and load up on a stock.

Lightning Round

Bullish

Cramer was bullish on CDW (CDWC Quote), Kinder Morgan Energy Partners LP (KMP Quote), Kinder Morgan Inc. (KMI Quote), Central European Distribution (CEDC Quote), Brown & Brown (BRO Quote), Annaly Mortgage Management (NLY Quote), Motorola (MOT Quote), Apple Computer (AAPL Quote), Powerwave Technologies (PWAV Quote), Quality Systems (QSII Quote), Allscripts Healthcare Solutions (MDRX Quote), Psychiatric Solutions (PSYS Quote), SiRF Technology Holdings (SIRF Quote), Georgia-Pacific (GP Quote), Plum Creek Timber (PCL Quote), Weyerhaeuser (WY Quote) and Sonic (SONC Quote).

Bearish

Cramer was bearish on Marriott (MAR Quote), IBM (IBM Quote), Fannie Mae (FNM Quote), Freddie Mac (FRE Quote), State Street (STT Quote), Hudson City Bancorp (HCBK Quote), Brightpoint (CELL Quote), Waste Management (WMI Quote), Allied Waste Industries (AW Quote), ImmunoGen (IMGN Quote), Phazar (ANTP Quote), EMC (EMC Quote), Granite Construction (GVA Quote), Louisiana-Pacific (LPX Quote), Boston Scientific (BSX Quote) and Take-Two Interactive Software (TTWO Quote).


Interested in more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here. It's a series of articles from Cramer on how to become a better investor. The following table lists some of the rules that Cramer dissects.

1. Pigs Get Slaughtered 2. It's OK to Pay the Taxes
3. Don't Buy All at Once 4. Buy Damaged Stocks
5. Diversify to Control Risk 6. Do Your Homework
7. Don't Panic 8. Buy Best-of-Breed
9. Defend Some Stocks 10. Don't Bet on Bad Stocks
11. Own Fewer Names 12. Cash Is for Winners
13. No Regrets 14. Expect Corrections
15. Know Bonds 16. Don't Subsidize Losers
17. No Room for Hope 18. Be Flexible
19. Quit When Execs Do 20. Patience Is a Virtue
21. Be a TV Critic 22. When to Wait 30 Days
23. Beware the Hype 24. Explain Your Picks
25. Find the Bull Market
Check back for more of Cramer's Rules
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At the time of publication, Cramer was long Motorola.

James J. Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for ActionAlertsPLUS. While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here. Listen to Cramer's RealMoney Radio show on your computer; just click here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click here to order Cramer's latest book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." Cramer appreciates your feedback and invites you to send him an email by clicking here.

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