Cramer's 'Mad Money Lightning Round': Amgen a Gem

Stock quotes in this article: AMGN , DNA , CELG , ALY , HAL , KNOL , LCC , UAUA , NE , RIG  

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:

Emmis Communications(EMMS Quote): "Welcome to the world of terrestrial radio, which every day loses more adherents ... and is generally in a tailspin that it cannot stop. ... You should sell any terrestrial radio stock that you have."

US Airways(LCC Quote): "Right now I like UAUA (UAL). ... I would ring the register US Airways."

Knology(KNOL Quote): "I like LVLT (Level 3 Communications) ... been doing 'mon backs* since 3. LVLT is my gift to you."

Allis-Chalmers(ALY Quote): "This stock is actually on a roll ... I want to ring the register and roll into ... Halliburton(HAL Quote)," which Cramer owns for his Action Alerts PLUS charitable trust.

Genentech(DNA Quote): "Waffling between 80 and 85 ... but if you want something now in your tank, I am giving you Amgen(AMGN Quote)." Cramer also said don't forget Celgene(CELG Quote) and its successful drug Revlimid.

Quest Software(QSFT Quote): "It is too speculative, sir. ... One of those 20% mad money plays, and I will not bless it otherwise."

Pacific Ethanol(PEIX Quote): "I cannot countenance that. .... I have been saying that ethanol has been dead now for at least six weeks. ... SellSellSell."

Noble(NE Quote): "Going nowhere my friend. That stock is flat-lined." Cramer offered Transocean(RIG Quote) instead, which he said has the best offshore profile.

Bema Gold(BGO Quote): "I like Bema Gold ... but ever since it was at eight smackers, we like Yamana(AUY Quote)."

PSE&G(PEG Quote): "Doesn't have a good-enough yield. ... Pull the trigger TXU(TXU Quote)."

Lowe's(LOW Quote): "You stay in [BuyBuyBuy] Lowe's."

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

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 Nov. 9.
Aqua America
Becton Dickinson
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REMEMBER to listen in on Thursday for my take on the stock that wins this poll!
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At the time of publication, Cramer was long 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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