Cramer's 'Mad Money Lightning Round': MercadoLibre Bueno

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:

Ultra Petroleum (UPL Quote): "I have to tell you I don't know anybody who's saying to buy these except the buyers. ... Natural gas is hopelessly out of fashion. ... I want you to buy."

McGraw-Hill (MHP Quote): Terry McGraw had a lot of good things to say ... but I'm not buying it. ... I wanna wait. I think you'll get paid to wait."

DirecTV (DTV Quote): "I have always been shocked that this stock has been as low as it is. ... There's so much competition. ... I don't want to be aggressive. ... I've been buying Discovery Holding (DISCA Quote). They are the only communication TV business that I want to own right now."

Broadcom (BRCM Quote): "We have not been fans of Broadcom for many, many years here. ... It's a real competitive marketplace. There's no edge to owning it. ... I don't like the segment ... but I do like Nokia (NOK Quote)."

Trimble Navigation (TRMB Quote): "GPS is now too competitive. ... I don't want to touch it. ... I would use any price increase that we get above $70 to sell Garmin (GRMN Quote), too."

MercadoLibre (MELI Quote): "The guidance was in line, we obviously wanted a blowaway guidance. We didn't get that. ... I think that you should be on the MercadoLibre secondary. This thing has been down and down hard, and I think it's a mistake. BuyBuyBuy."

Apple (AAPL Quote): "It wasn't a great quarter ... the iPod numbers were not what I wanted. ... I'm being much more price sensitive. ... At $120, I will get intrigued by Apple again. ... until then you're not gonna see me pull the trigger."

First Solar (FSLR Quote): "I just saw a piece about how First Solar is gonna be hurt by a recession. ... I think First Solar's cheap. ... I would leg in to some ... and I would pull it at the top."

Southern Copper (PCU Quote): "No! I do not believe it is a takeover target. ... I do believe it is dirt cheap. ... I am not going to make a big bet on copper here. ... I just think it's gonna be dead money. Don'tBuy."

Northrop Grumman (NOC Quote): "Either way, I would own Northrop. ... I also like Boeing (BA Quote) but ... off commercial -- not military. ... I think Northrop Grumman is generating too much cash flow to stay down here. ... I reiterate my recommendation."

Clearwire (CLWR Quote): "We doubled down at $15, it got to the mid-$20s. ... We never looked back."

AT&T (T Quote): "Let's make this really clear. ... There was a dispute about how they were really doing. ... I feel really strongly that AT&T and Verizon (VZ Quote) ... should be bought. Below $35 may have been the single best buy of this market. ... I want to pull the trigger at $35. ... There's too much negativity [on] Verizon, AT&T. Not enough negativity for Sprint (S Quote)."

Aecom (ACM Quote): "You gotta look on the front page of The New York Times. ... Cities are cutting back. It's too costly. ... That is right in Aecom's breadbasket. ... The perception of municipalities not being able to spend have made that company a distinct Don'tBuy."

Texas Instruments (TXN Quote): "They actually had a great conference call. ... Because of the cohort, which are products that go into the consumer products ... no one wants to own TXN, except you and me."

*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.