Cramer's 'Mad Money Lightning Round': Cisco a Go-Go

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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" Monday evening:

Phelps Dodge(PD Quote): "That stock opened down 3 smackers ... and what an opportunity to back up the truck," but Cramer is concerned about the price of copper. "The one that I like is Lundin Mining(LMC Quote). Let me put Phelps Dodge in Don'tBuy until it gets to 93, 94."

NYSE Group(NYX Quote): "You know why I recommend those two stocks? (Cramer included MasterCard(MA Quote) because he receives a lot of mail on his support of NYX and MA.) Because I think they're going higher."

On Assignment(ASGN Quote): "I like Manpower(MAN Quote) more, 52-week high. ... I think that's a great situation. I like it because it's got more experience than On Assignment." Cramer returned to this pick later in the round and also recommended AMN Healthcare(AHS Quote).

Cisco(CSCO Quote): "The company has $1.50 in earnings power." Cramer said it deserves a 22, 23 P/E ratio. "I see 6 more points in Cisco perhaps as early as the next four months."

Medis Technologies(MDTL Quote): "Have you ever seen that company make any money yet? ... I cannot get behind that stock. ... Very few sales."

Expedia.com(EXPE Quote): "Look at the company that spun it off, which is IAC(IACI Quote). That's a winner, that's going higher. That's a cheap stock, that's' a company you should own."

Chesapeake Energy(CHK Quote): Cramer says this company will benefit if the Democrats push a cleaner-fuel agenda.

Starbucks(SBUX Quote): "Like Sears Holdings(SHLD Quote), I believe the bears will try to raid it down. ... 36, 37 region; if it gets there, I would back the truck* up." Cramer owns Sears for his Action Alerts PLUS charitable trust portfolio.

*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.

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