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Cramer's 'Mad Money Lightning Round': I Dig Diageo

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 during the "Mad Money Lightning Round" Tuesday evening:

Teco Energy: "I like it, 5% yield."

Goldman Sachs: "Goldman Sachs is just about to ramp. You stay in it."

Usana Health: Cramer prefers Martek Biosciences.

Gaiam: "I don't trust that stock all the way up here. Let's take profits now."

Southern: "A nice, fat, if not Zaftig, 5% yield. ... Don't forget Con Ed."

Votorantim: "I'm sticking with that stock. ... I'm dropping the cynicism. Every penny made in that stock should go to saving the rain forest."

Microsoft: "Every night I self-flagellate because I own Mister Softee. That said, it's probably done going down."

Diageo: "It's got Cuervo, the Captain [Morgan], Tanqueray, Bailey's and Guinness. I'm not backing away. Diageo goes to 75."

Sonus: "I'd rather see you in Tellabs. Swap out of the Sonus."

Scientific Games: "Ever since it was added to the mid-caps, it has stalled here. ... I am sticking with it."

Progressive: "I like the insurance business. ... I like Pru and Met more than I like Progressive."

Pioneer Drilling: "One dollar off its 52-week low, that's a travesty." Cramer said that stock should be bought, along with Halliburton, which he owns for his Action Alerts PLUS charitable trust.

Geron: Cramer offered Amgen, Celgene and Gilead instead.

Northern Trust: "We like Citigroup, then we like Bank of America. We do not like Northern Trust because we think it's expensive."

Steve Madden: "Fashion is no longer selling. If I wanted to be in the shoe game, I would rather be in Nike."

For a video presentation from Cramer on things to keep your eye on in this market, please click here.

Lightning Round

Cramer was bullish on Teco Energy (TE), Goldman Sachs (GS), Martek Biosciences (MATK), Southern (SO), Votorantim Celulose e Papel (VCP), Diageo (DEO), Tellabs (TLAB), Scientific Games (SGMS), Progressive (PGR), Pioneer Drilling (PDC), Grey Wolf (GW), Halliburton (HAL) and Amgen (AMGN).

Cramer was bearish on Usana Health Sciences (USNA), Gaiam (GAIA), Microsoft (MSFT), Sonus Networks (SONS), Geron (GERN), Northern Trust (NTRS) and Steven Madden (SHOO).

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:
BEA Systems
Bear Stearns
Carrizo Oil
Garmin
Hovnanian
WCI

REMEMBER to listen in on Thursday for my take on the stock that wins this poll!

At the time of publication, Cramer was long Microsoft and Halliburton.

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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