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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