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

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

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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 Quote): Deere has very little upside..."

Motorola(MOT Quote): "Given the fact that Skyworks Solutions(SWKS Quote) 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 Quote): "Long term, Ultra is two thumbs up, way up."

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

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

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

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

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

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

Lightning Round

Bullish

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

Bearish

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