Cramer's 'Mad Money Lightning Round': Sinking Shipping

Stock quotes in this article: DAI , QMAR , SLW , BAC , BRCD , THC , RIMM , GOOG , AAPL , ABX , AUY , CSCO  

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" Monday evening:

Daimler (DAI Quote): "I don't want you to jump ship to Toyota ... they are now having quality problems ... I don't want any ... the pin action is terrible."

Quintana Maritime (QMAR Quote): "I felt so foolish for liking [shipping stocks]. ... You can't own that stock ... even with a 5% yield."

Silver Wheaton (SLW Quote): "I see it going down. You can't own a precious metal stock pure play in this market ... do it for diversification ... we are in a deflationary period ... we got gas going up and we got corn going up but it's not part of the CPI. ... SellSellSsell." "Bank of America (BAC Quote) is a better lender than most, but ... when I look at their investment banking, they're obviously curtailing ... I thought the Fed would've cut rates to 3.5 by now ... why bother to stick my neck out and get it chopped off again?" Brocade (BRCD Quote): "I just did a company pick. Business is good ... Why not own Cisco (CSCO Quote)? ... Why not own both?" Tenet Healthcare (THC Quote): "I look for stocks that I can get my arms around ... the problem is the stock immediately took off [after the quarter] ... because I've been through the mill with these $4 stocks ... I'm gonna pull the trigger right here." Research In Motion (RIMM Quote): "RIMM, Google (GOOG Quote) Apple (AAPL Quote) throughout this period will be owned by mutual fund managers ... the S&P is pulling down everything ... I am not going to back away from the three horsemen ... I am not looking back." Barrick Gold (ABX Quote): "If you have to own one gold stock I'm sending you to Yamana(AUY Quote) [or Barrick] ... I believe every portfolio should have a gold stock ... Barrick will do well but it won't do as well as consistent slow-growth stocks."

*For all you home-gamers, a 'mon-back opportunity means Cramer would back up the figurative truck and load up on a stock.

Want more Cramer? Check out Jim's rules and commandments for investing by clicking here.

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At the time of publication, Cramer had no positions in any of the stocks mentioned.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor TheStreet.com, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on TheStreet.com. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.

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