Cramer's 'Mad Money Lightning Round': Hold On To Hologic

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" Thursday evening:

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Hologic (HOLX Quote): "There was a downgrade today. I read the downgrade. I regard it as unfortunate. ... They are creating the premier woman's diagnostic company in the world. ... I want to buy Hologic. ... I haven't said this in a while on the show, but back up the truck HOLX. That downgrade was dead wrong." Cramer owns the stock for his Action Alerts PLUS.

Applied Materials (AMAT Quote): "Everyone wants to play Applied Materials for the solar business. ... Applied Materials is not a solar play. It's a semiconductor equipment play, and we know we don't want to be in that business. So ixnay on Applied Materials."

Time Warner (TWX Quote): "Oh, sunshine, I gotta tell you, this one perturbs me. They need to split the company up. ...They need to get the film and TV business out of there. ... Cable is so bad. ... The industry is bad, but Time Warner is good. [CEO and Chairman of the Board] Dick Parsons is great and he couldn't figure it out."

NorthStar Realty Finance (NRF Quote): "Everyone's lumping these together and this one doesn't have any subprime. ... I don't like real estate, but I don't think this one's a short like everyone's saying."