'Mad Money Lightning Round': Go With Procter & Gamble

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

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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" Friday evening:

Procter & Gamble (PG Quote): "P&G has the best dividend record on the NYSE. I think this is a great company. I think the quarter is going to be good. This is a great entry point."

Cal-Maine Foods (CALM Quote): "This is an egg company, and that makes it a recession play. People eat more eggs in tough times. You've got a winner there."

Clearwire (CLWR Quote): "I want you to sell this stock and anything else that's affiliated with Sprint Nextel (S Quote)."

Family Dollar Stores (FDO Quote): "This is a place people shop during a recession. I like it right now, but I won't like it later on."

Ford Motor (F Quote): "No, the only thing we like at Ford is the preferred shares, which at least pays you to wait. I don't like the sale to Tata Motors (TTM Quote). I just don't like it."

MEMC Electronics (WFR Quote): "No, I am telling you right now, that stock has peaked. We're done with that stock. I'm ringing the register. It's time to go."

Quicksilver Resources (KWK Quote): "That is absolutely one of my favorite overlooked plays in the oil and gas patch. They're the most levered to higher oil prices. Stay in that stock."

Citigroup (C Quote): "They need to sell the bad units, sell those bad loans to the Fed and rebuild that great American bank, but for now my case is very negative on Citi. "

Microsoft (MSFT Quote): "Steve Balmer is great, I think the combination with Yahoo! (YHOO Quote) will be great. I think Microsoft is not going to be a runaway stock, but it's a good situation longer term. "

JC Penney (JCP Quote): "I don't want to sell JC Penney down here, but it's going lower before it's going higher. Execution has been sloppy over there. I don't like this part of the retail segment."

*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.