'Mad Money Lightning Round': Sell Tata Motors

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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 at Penn State University:

Tata Motors (TTM Quote): "I think that Tata bit off more than it can chew with their acquisition today (of Jaguar and Land Rover brands from Ford). I want to sell, sell, sell Tata."

Public Service Enterprise (PEG Quote): "I have been surprised here. They guided down so small and people panicked. They're wrong. It's a buy."

Boeing (BA Quote): "Boeing is troubling to me. It's a great American company, but this Dreamliner is a problem. The answer is "don't buy until they figure it out."

Moody's (MCO Quote): "Are you kidding me. I think the rating agencies are going away. I would sell this one right here."

McDonald's (MCD Quote): "I love McDonald's. I think the entry point is $53 to $54. This is a great long-term story."

L-3 Communications (LLL Quote): "I think L3 is one of the great defense contractors. I like General Dynamics (GD Quote), I like Raytheon (RTN Quote) and I like Textron (TXT Quote) and L3."

Sony (SNE Quote): "That was one of the worst quarters I've ever seen. I want to sell Sony."

EMC (EMC Quote): "EMC is driving my crazy. Why is this stock going down? They still own a big chunk of VMware (VMW Quote), EMC is cheap, I like EMC."

Walt Disney (DIS Quote): "This company has been unrewarded for their great work. Everything points to Disney going up 25% from here. I think they're fabulous."

*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.