Cramer's 'Mad Money Lightning Round': Mueller Water's Heating Up

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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:

Mueller Water Products (MWA Quote - Cramer on MWA - Stock Picks): "A very inexpensive stock. ... It shouldn't be at $14. I have to buy that. That is a very consistent grower. And I really like a company that makes something like fire hydrants."

Schlumberger (SLB Quote - Cramer on SLB - Stock Picks): "I believe that the problem with the Exxons(XOM Quote - Cramer on XOM - Stock Picks), the problem with the Chevrons(CVX Quote - Cramer on CVX - Stock Picks) is that they're not drilling enough, so the reward should go to Schlumberger. ... I think that before I would pull the trigger on an integrated oil, I would buy Schlumberger. ... Best quarter I have seen of the whole oil complex."

Movado Group (MOV Quote - Cramer on MOV - Stock Picks): "Insider buying. I know that the last quarter was good." Cramer recommended the stock before, but now he feels "personally burned by Movado," he said, because after management told him that Movado products weren't selling at Costco (COST Quote - Cramer on COST - Stock Picks), he saw them for sale there. "I cannot get behind Movado. But boy, can I get behind Costco."

Goldcorp (GG Quote - Cramer on GG - Stock Picks): "I think gold belongs in everybody's portfolio, so I'm not going to say anything bad about GG." Even so, said Cramer, "I'm stickin' with Yamana(AUY Quote - Cramer on AUY - Stock Picks)."

Apple (AAPL Quote - Cramer on AAPL - Stock Picks): "Everyone is jealous of anyone who has an iPhone. ... A fantastic phone. I still like Apple. I like the new computers. I think Apple's had its pullback and is ready to run again! It's one of my four horsemen."

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