Cramer's 'Mad Money Lightning Round': Panera Bread Rises

Stock quotes in this article: YHOO , DRI , YUM , GW , AMTD , ET , SCH , PNRA , CFC , FRK , RIN , VMC , MLM , PEG , NT , GMR , AMGN , GENZ , DNA , GOOG , TXN , NSM , AOC , OXY , CDIS , LUFK , HAL , SWKS  

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" Wednesday evening:

Wendy's(WEN Quote): "Wendy's is last year's story, my friend."

Panera Bread(PNRA Quote): "They guided people very low. And then they beat the number and beat the number. ... I think it goes to 60 and beyond."

Countrywide Financial(CFC Quote): "[CEO Angelo Mozilo] He's the real deal."

Florida Rock Industries(FRK Quote): "I have been a bull ... and I am not backing away. I still believe that this part of the economy is not in bear market mode."

Nortel(NT Quote): "I think that Nortel has checked out [of the House of Pain]. ... When we get a new CEO that we just got at Nortel, I feel emboldened, no longer embittered. And I want to do a 'mon back*."

Momenta Pharma(MNTA Quote): "This is not a worst of breed, but it's not a best of breed. ... I would buy some Amgen(AMGN Quote) right here and some Genentech(DNA Quote)."

Nvidia(NVDA Quote): "Instead of Nvidia," Cramer said, "two thumbs up for Texan(TXN Quote) and Nat Semi(NSM Quote)."

Hilb, Rogal and Hamilton(HRH Quote): "Very clean company, but I have to tell you, if I have to be in that game, I've been watching this Aon(AOC Quote). I think Aon is the better buy."

Occidental Petroleum(OXY Quote): "It is a high rise of pain. ... It may be the Empire State Building of Pain."

Amgen(AMGN Quote): "I'm issuing a triple buy right here on Amgen. Like Intel(INTC Quote) ... that's what I think for Amgen. Not pain ... but pleasure."

Cal Dive International(CDIS Quote): "I was itching to buy that. ... I'm saying the Oil Service Index is too low now. ... This group is measured as a 'mon back."

Lightning Round

Bullish

Cramer was bullish on Darden Restaurants (DRI Quote), Yum! Brands (YUM Quote), Grey Wolf (GW Quote), Ameritrade Holding (AMTD Quote), E*Trade Financial (ET Quote), Charles Schwab (SCH Quote), Panera Bread (PNRA Quote), Countrywide Financial (CFC Quote), Florida Rock Industries (FRK Quote), Rinker Group (RIN Quote), Vulcan Materials (VMC Quote), Martin Marietta Materials (MLM Quote), Public Service Enterprise Group (PEG Quote), Nortel Networks (NT Quote), General Maritime (GMR Quote), Amgen (AMGN Quote), Genzyme (GENZ Quote), Genentech (DNA Quote), Yahoo! (YHOO Quote), Google (GOOG Quote), VeriSign (VRSN Quote), Texas Instruments (TXN Quote), National Semiconductor (NSM Quote), Aon (AOC Quote), Occidental Petroleum (OXY Quote), Cal Dive International (CDIS Quote), Lufkin Industries (LUFK Quote), Halliburton (HAL Quote) and Skyworks Solutions (SWKS Quote).

Bearish

Cramer was bearish on Wendy's International (WEN Quote), OMI (OMM Quote), Momenta Pharmaceuticals (MNTA Quote), Internet Initiative Japan (IIJI Quote), Nvidia (NVDA Quote), Silicon Image (SIMG Quote), Hilb, Rogal & Hobbs (HRH Quote), Texas Roadhouse (TXRH Quote) and Sealed Air (SEE 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 Intel, Halliburton, Occidental Petroleum and Yahoo!.

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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