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Cramer's 'Mad Money Lightning Round': Won't Junk GM Yet

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


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

Deere (DE): Deere has very little upside..."

Motorola (MOT): "Given the fact that Skyworks Solutions (SWKS) just blew up .... I feel the House of Pain. But I am not quitting. I will wait to the 18th [when Motorola reports quarterly earnings], and then I will buy some more."

Ultra Petroleum (UPL): "Long term, Ultra is two thumbs up, way up."

Penn National Gaming (PENN): "Should not be thrown away like so much detritus. That said, don't buy until it hits 25."

Mylan Labs (MYL): "I do not like generics. I don't want you there."

Corning (GLW): We know from many sources that Corning is having a terrific quarter. ... at 19, I would ring the register. At 17, I'm a buyer."

TXU (TXU): "It's had a big run. The utilities are for sale. Take a little off the table."

Verizon (VZ): SellSellSell. Everybody loves them. ... I'm not about their friendship. I'm about making you money."

General Motors (GM): "I refuse to give up on GM ... not at 25."

Cisco Systems (CSCO): "I'm putting it in Don'tBuy camp."

Lightning Round

Bullish

Cramer was bullish on Motorola (MOT), NL Industries (NL), PNM Resources (PNM), Duke Energy (DUK), GameStop (GME), Ultra Petroleum (UPL), Southwestern Energy (SWN), General Motors (GM), Lions Gate Entertainment (LGF), Grey Wolf (GW), FPL Group (FPL) and Chesapeake Energy (CHK).

Bearish

Cramer was bearish on Deere (DE), 3M (MMM), Penn National Gaming (PENN), Mylan Laboratories (MYL), Fair Isaac (FIC), Waste Management (WMI), TXU (TXU), Dominion Resources (D), Verizon (VZ), Alcon (ACL), Applied Materials (AMAT), Cisco Systems (CSCO).

At the time of publication, Cramer was long GameStop and 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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