Cramer's 'Mad Money Lightning Round': Beer and Wings

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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" Tuesday evening:

Nastech Pharmaceutical(NSTK Quote): Cramer says the company has viable markets in the treatment of autism, obesity and diabetes. "Meantime, nobody likes the stock. But it's got a lot of money. ... I think that this company is the ultimate biotech spec."

Pioneer Drilling(PDC Quote): "We don't like the land drillers. We have been recommending Transocean(RIG Quote) for the last 7 points." Cramer has Transocean in his Action Alerts PLUS charitable trust.

CMGI(CMGI Quote): "A 10-for-1 reverse split, people would be all over it like a cheap suit. ... It's up 74%; we should let it cool off a little and then pull the trigger."

American Eagle Outfitters(AEO Quote): "You're taking a risk. ... You're talking about a business of retail that is fickle. ... I would rather own J.C. Penney(JCP Quote)."

The Williams Cos.(WMB Quote): "You got clear sailing. ... Even though it's at 28, that's a good steady business."

Natco(NTG Quote): "This is wellhead equipment ... could get a bid, and the earnings are really good."

Movado(MOV Quote): "I do expect a dynamite quarter. ... When you have a stock that is up this much, you have to be a little cautious." Cramer says it was up on his recommendation and that he would like to see a little "pullbackski."