Cramer's 'Mad Money Lightning Round': Heck With Tekelec

Stock quotes in this article: SMSI , HAL , NBR , NOK , ATI , RIO , CNX , GW , DIS  

To see the most recent full "Mad Money" recap, please click here.

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

Smith Micro: "We should stay long that stock even up at 15."

Hercules Offshore: "That is an oil service stock and we got to be very careful. I like Halliburton, (which Cramer owns for his Action Alerts PLUS charitable portfolio), I like Nabors ... and I like Schlumberger."

Tekelec: "I want you to swap out of that ne'er-do-well Tekelec and move into Nokia, which by the way is also a river in Finland."

XTO Energy: Cramer said it's a good company, but "when they're giving away the ConocoPhillips, when they got Chevron in the Vonage the Doghouse ... you go with the majors."

Nektar: "Do I smell the powerful odor of greed? ... Next time it goes to 21, I want you to scoot [sell]."

Titanium Metals: "The only stock I'm gonna recommend ... and it's still a tepid recommendation, is Allegheny Tech. Yours should be sold."

TXU: "You ride that down to 55 and then you buy a little more."

"Grey Wolf at $7 is two thumbs up, way up and why don't we make it [Mexican President] Vicente Fox's own?"

Walt Disney: "I am declaring this Lightning Round over because I want you to stick with Disney."

Lightning Round

Cramer was bullish on Smith Micro Software (SMSI Quote), Halliburton (HAL Quote), Nabors (NBR Quote), Nokia (NOK Quote), Allegheny Technologies (ATI Quote), Companhia Vale do Rio Doce (RIO Quote), Consol Energy (CNX Quote), Grey Wolf (GW Quote) and Disney (DIS Quote).

Cramer was bearish on Hercules Offshore (HERO Quote), Tekelec (TKLC Quote), XTO Energy (XTO Quote), Nektar Therapeutics (NKTR Quote) and Titanium Metals (TIE Quote).

Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here.

Here's your chance to pick the stock you'd like me to feature on my radio show June 22:
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At the time of publication, Cramer was long Halliburton and Nabors.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor TheStreet.com, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on TheStreet.com. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.





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