Cramer's 'Mad Money Lightning Round': This Bud's Not for You

Stock quotes in this article: LOW , MSSR , RUTH , SIRI , XMSR , NHY , CHK , ECA , RESP , AHC , VLO , SUN , GME , YHOO , GS , HON , UTX , MO , LSI , SNDK , PEP , PPL , JOE , HAL , HD , OSI , STAR , KKD , MRH , SSFT , DPH , NTE , GLW , JBLE , NT , HNR , BUD , CREE  

To see the 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" Thursday evening:

Krispy Kreme(KKD Quote): "Nothing to say. SellSellSell SellSellSell. I gotta get a new button for it."

Goldman Sachs(GS Quote): "Unbelievable. Fifty-two week high. You know Jon Corzine [New Jersey Democratic gubernatorial candidate and former Goldman executive] sold a quarter of a billion dollars of the stock ... and it didn't even knock the stock down."

Honeywell(HON Quote): "I think you should do a 'mon back*. ... I bet they report an upside surprise. ... I'm sticking my neck out."

Anheuser Busch(BUD Quote): "People ain't drinking it anymore. I say you gotta sell it. ... People are drinking Gatorade. They're not drinking beer."

Lightning Round

Bullish

Cramer was bullish on Lowe's (LOW Quote), McCormick & Schmick's Seafood Restaurant (MSSR Quote), Ruth's Chris Steak House (RUTH Quote), Sirius Satellite Radio (SIRI Quote), XM Satellite Radio (XMSR Quote), Norsk Hydro (NHY Quote), Chesapeake Energy (CHK Quote), EnCana (ECA Quote), Respironics (RESP Quote), Amerada Hess (AHC Quote), Valero (VLO Quote), Sunoco (SUN Quote), GameStop (GME Quote), Yahoo! (YHOO Quote), Goldman Sachs (GS Quote), Honeywell (HON Quote), United Technologies (UTX Quote), Altria (MO Quote), Lucent Technologies (LU Quote), LSI Logic (LSI Quote), SanDisk (SNDK Quote), PepsiCo (PEP Quote), PPL (PPL Quote), St. Joe (JOE Quote) and Halliburton (HAL Quote).

Bearish

Cramer was bearish on Home Depot (HD Quote), Outback Steakhouse (OSI Quote), Lone Star Steakhouse & Saloon (STAR Quote), Krispy Kreme Doughnuts (KKD Quote), Montpelier Re Holdings (MRH Quote), ScanSoft (SSFT Quote), Delphi (DPH Quote), Nam Tai Electronics (NTE Quote), Corning (GLW Quote), JetBlue Airways (JBLU Quote), Nortel Networks (NT Quote), Harvest Natural Resources (HNR Quote), Anheuser-Busch (BUD Quote) and Cree (CREE Quote).

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


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 Altria, EnCana, GameStop, Halliburton, St. Joe, Lucent and Yahoo!.

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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