Cramer's 'Mad Money Lightning Round': Don't Gamble on Procter

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

---

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:

J2 Global Communications(JCOM): "This is one that I have missed and continue to miss. ... I don't understand why this is a good business at all. ... I don't get it."

3SBio(SSRX): "It's a pharmaceutical Chinese play. ... I'm gonna stick to the four horsemen of China. ... I am not going down the food chain. That is all I'm going to recommend."

Vimpel Communications(VIP): "You know, I've missed this Russian market. ... I've been saying if you wanna play telco, you have to do it with Vodafone(VOD). I am worried about Russia. ... I am not going to recommend VIP."

Annaly Capital Management(NLY): "Quarter-point rate cut, I think you pick up a buck and a half; 50 points, you're up tp $20 instantly. NLY is the best way to play the rate cut."

E-House (China) Holdings(EJ): "Ixnay on China-nay. That market is way too high. ... I do not like China."

NexCen Brands(NEXC): "When I looked at Phillips-Van Heusen(PVH) and Perry Ellis International(PERY), I said to myself should I look at this one? It was too small at the time. But I agree with you that it's an interesting speculation. But I would rather recommend it on [Speculation] Friday than today."

ConAgra Foods(CAG): "Gary Rodkin, who is the terrific CEO of that company, actually used the phrase "through the roof" yesterday. ... But I am not recommending that stock. It is too hard to recommend any stock that is dependent on commodity prices because we have made it to expensive to feed anything."