Cramer's 'Mad Money Lightning Round': Go-To Google

Stock quotes in this article: PENN , GOOG , SWN , BMY , AEP , PNM , DUK , JPM , WMT , GMR , GS , MO  

To see the 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" Tuesday evening:

Halliburton(HAL Quote): "This stock's gonna see 55 before it sees 65."

Penn National Gaming(PENN Quote): "Holy cow. This is a casino of pain. ... Every one of these [gaming] stocks is in free fall. Anybody who gets in, gets their head cut off. But I would rather own Penn National Gaming ahead of the others, and if it goes to 25, I'm doing a 'mon back.*"

Southwest Energy(SWN Quote): "Let's take no prisoners. I think Southwestern and EnCana(ECA Quote) represent the class of the group."

General Motors(GM Quote): "Don'tBuyDon'tBuyDon'tBuy."

Cendant(CD Quote): "I wanna buy the stock. ... I think paddles will work here." That is, the stock can be brought back to life.

Google(GOOG Quote): "I still think Google is an all-aboard situation. ... Three-fifty is my price target."

Bristol-Myers(BMY Quote): "When you factor in the dividend, even this one is getting you back to even."

Archer Daniels Midland(ADM Quote): "Has had a history of missing the quarter. ... So I would take a little off [the table]."

Wal-Mart(WMT Quote): "Wal-Mart is two thumbs up. Way up."

Chesapeake Energy(CHK Quote): "At 25, I will get involved and buy it."

Revlon(REV Quote): "I would ring the register."

Altria(MO Quote): "We are in this stock not for the earnings tomorrow, which will be OK, we're in it for the big restructuring in two months."

Lightning Round

Bullish

Cramer was bullish on Penn National Gaming (PENN Quote), Southwestern Energy (SWN Quote), Cendant (CD Quote), Google (GOOG Quote), Bristol-Myers Squibb (BMY Quote), American Electric Power (AEP Quote), PNM Resources (PNM Quote), Duke Energy (DUK Quote), J.P. Morgan Chase (JPM Quote), Wal-Mart Stores (WMT Quote), General Maritime (GMR Quote), Goldman Sachs (GS Quote) and Altria (MO Quote).

Bearish

Cramer was bearish on Halliburton (HAL Quote), Sprint Nextel (S Quote), Valero Energy(VLO Quote), General Motors (GM Quote), BioCryst Pharmaceuticals (BCRX Quote), Panacos Pharmaceuticals (PANC Quote), Progressive (PGR Quote), Knightsbridge Tankers (VLCCF Quote), Dobson Communications (DCEL Quote), International Securities Exchange (ISE Quote), Bancolombia (CIB Quote) and Revlon (REV 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, Cendant, EnCana and Halliburton.

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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