Cramer's 'Mad Money Lightning Round': Tenaris Pipes Up

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

Powerwave: "The stock spikes up and you have to sell it. They're no longer trustworthy. They're not best of breed. Don'tBuyDon'tBuy."

Tenaris: "Oil piping is one of the hottest bull markets ... I would start doing some schnitzel buying here. ... Tenaris is best pipeline company in show."

Petroleo Brasileiro: "I think PBR at 100 is not as good as PetroChina."

Openwave: "I sent my minion out there to take a look at them this week. ... I'm not backing away."

Sirius Satellite: "That stock be going nowhere. Don't'ButDontBuy."

Goldcorp: "I think you gotta wait for a little more of a pullback. ... These stocks are trying to find a bottom. They're not at the bottom yet. Cramer says the stock is going to 35," and only then would I buy more Gigi."

Microsoft: "One of the most ugly quarters I have ever seen. It really did start the tech selloff. ... I would no longer sell Mister Softee; it's just too darn low."

Fluor: "Has now pulled back enough and I'm blessing right here." Cramer also recommended McDermott.

Pacific Ethanol: "This is a stock that is up, as of today, 300% in one year. ... You, my friend, [are] completely being a hog."

Crocs: "The shorts have been pushing it down. It's been punished. ... I think that Crocs is OK here. I would buy the stock."

Foster Wheeler: "I am not a seller of Foster Wheeler," which Cramer own for his Action Alerts PLUS charitable trust. "I am buying the infrastructure."

 

Lightning Round

Cramer was bullish on Tenaris(TS), PetroChina(PTR), Openwave Systems(OPWV), Votorantim Celulose e Papel(VCP), Fluor(FLR), McDermott(MDR), Pacific Ethanol(PEIX), Crocs(CROX) and Foster Wheeler(FWLT).

Cramer was bearish on Powerwave Technologies(PWAV), Petroleo Brasileiro(PBR), Sirius Satellite(SIRI) and Goldcorp(GG).

*For all you home-gamers, a 'mon-back opportunity means Cramer would back up the figurative truck and load up on a stock.

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