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!

>To order reprints of this article, click here: Reprints