Cramer's 'Mad Money Lightning Round': P&G Is Pretty Good

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

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

Exxon Mobil(XOM Quote): "It's a bank. Not an oil company. It's my least favorite oil. But my least favorite oil is still better than anything else." Still, Cramer issued a Don'tBuyDontDon'tBuy.

Verizon(VZ Quote): "That's flat-lining. I need you to sell it."

Dell(DELL Quote) "The problem with Dell is share take by Hewlett-Packard(HPQ Quote)."

Circuit City(CC Quote): I don't like Circuit City ... May I throw in Radio Shack(RSH Quote)? The play of that group is Best Buy(BBY Quote).

Procter & Gamble(PG Quote): "You know I'm proud of Procter & Gamble. The best managed company in the United States and I wouldn't sell a share!"

Lightning Round

Bullish

Cramer was bullish on Warren Resources (WRES Quote), Ciena (CIEN Quote), Tekelec (TKLC Quote), JDSU (JDSU Quote), PPG Industries (PPG Quote), Claire's Stores (CLE Quote), Allscripts Healthcare Solutions (MDRX Quote), Hewlett-Packard (HPQ Quote), Southwestern Energy (SWN Quote), Procter & Gamble (PG Quote), Lions Gate Entertainment (LGF Quote), American Express (AXP Quote), Cendant (CD Quote), WellCare Health Plans (WCG Quote), UnitedHealth Group (UNH Quote), Weyerhaeuser (WY Quote), Plum Creek Timber (PCL Quote), Georgia-Pacific (GP Quote), Newfield Exploration (NFX Quote), Hornbeck Offshore Services (HOS Quote), Halliburton (HAL Quote), Motorola (MOT Quote), Ericsson (ERICY Quote), Advanced Micro Devices (AMD Quote), Toyota Motor (TM Quote), Syneron Medical (ELOS Quote), Transocean (RIG Quote) and GameStop (GME Quote).

Bearish

Cramer was bearish on Exxon Mobil (XOM Quote), Verizon Communications (VZ Quote), Service Corporation International (SCI Quote), StoneMor Partners (STON Quote), Dell (DELL Quote), Circuit City Stores (CC Quote), Radio Shack (RSH Quote), Brocade Communications Systems (BRCDE Quote), Nokia (NOK Quote), Best Buy (BBY Quote) and IMAX (IMAX Quote).

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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