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): "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): "I believe that the problem with the Exxons(XOM Quote), the problem with the Chevrons(CVX Quote) 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): "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), he saw them for sale there. "I cannot get behind Movado. But boy, can I get behind Costco."

Goldcorp (GG Quote): "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)."

Apple (AAPL Quote): "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."