Cramer's 'Mad Money Lightning Round': Thumbs Up to Downey

To see the full "Mad Money" Recap, please click here.

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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" Wednesday evening:

J.C. Penney (JCP Quote - Cramer on JCP - Stock Picks): "I have been doing some work on J.C. Penney. 52-week low ... retail very hard to own. ... Their Internet play is really terrific. ... Tomorrow J.C. Penney reports. I think it'll be a good number. ... I like to wait and see the quarter."

Posco (PKX Quote - Cramer on PKX - Stock Picks): "It's not a House of Pain anymore. It's literally a Nation of Pain, so we're trying to think about what's going to happen when we get out of this valley. ... Don'tBuy, because it can go lower."

HMS Holdings (HMSY Quote - Cramer on HMSY - Stock Picks): "We've always liked this. This is one of those companies ... that do cost control for medical. Whether it be HMS Holdings, whether it be MedcoHealth Solutions (MHS Quote - Cramer on MHS - Stock Picks), up today, whether it be Cardinal (CAH Quote - Cramer on CAH - Stock Picks), down just a little bit -- these are all in bull market mode." Cramer said these fit the pattern of stocks that do well when the economy does badly.

One National Banc (ONB Quote - Cramer on ONB - Stock Picks): "Every bank is for sale here. ... I cannot recommend a bank on this show. I can't because I like other sectors so much more. Don'tBuy Don'tBuy Don'tBuy."

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