Cramer's 'Mad Money Lightning Round': Penney for Your Thoughts

To see the full "Mad Money" Recap, please click here.

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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" Thursday evening:

IBM: "Paid too much for FileNet. Really scary."

JDSU: "That thing is just [sound of whipping, which isn't good]."

"Wheeling-Pittsburgh is for me. And how 'bout the Oregon Steel? Don't you think they're gonna get the BP pipeline? ... Never forget Nucor."

Devon Energy: "I regard that as the cheapest energy play in America. BuyBuyBuy!"

UTStarcom: "I'm gonna send you to Qualcomm, which I own for the Action Alerts PLUS charitable trust."

Ameritrade: "I like that stock."

Wausau Paper: "I say swap out of International Paper and buy Wausau Paper."

Witness Systems: "I don't want to touch that thing, no how, no way."

"Zumiez is taking a hit here. A lot of the high-multiple clothing companies are..."

Armor Holdings: "I want to buy the Lockheed Martin because they have what I call congressional mindshare."

BHP Billiton: "Like a supermarket of resources. ... I'd buy the stock if it came under 40."

Constellation Brands: "Been flat-lining I admit. ... Buy Fortune Brands. You need to be not just in liquor."

Petrohawk Energy: "I don't like HAWK that much."

PetSmart: "Always a bridesmaid, never a bride. I'm not a big fan of the pet store." Cramer suggested J.C. Penney instead.