'Mad Money Lightning Round': Schnitzer Steel's Sweet Spot

Stock quotes in this article: TJX , URBN , RSTI , SID , SCHN , T , VZ , LMT , FRO , GTS  

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:

Schnitzer Steel (SCHN Quote): "You know we like that one. That stock it up, they do scrap. That company is in the sweet spot, you stick with that one."

Toyota Motor (TM Quote): "No, you can't own any auto companies; there is too much disarray there. Everybody is having a hard time and I can't recommend any of them."

TJX Companies (TJX Quote): "I like TJX. They're executing. They're doing a good job. I like them and Urban Outfitters (URBN Quote) and I'm not backing away."

eBay (EBAY Quote): "No, Ebay is up on a spike. That company is not well run well enough to buy when it's up. You have to wait for a pullback."

Rofin-Sinar Technologies (RSTI Quote): "I think the industrial side of lasers is the way to go. I like this one."

Companhia Siderurgica Nacional (SID Quote): "Oh man, we recommended this one a long time ago. Let me reiterate my buy right here."

Iowa Telecommunications (IWA Quote): "No, this is one of those telephone companies, only without the growth. I only like AT&T (T Quote) and Verizon (VZ Quote)."

American Capital Strategies (ACAS Quote): "I keep thinking I should recommend this one for its yield, but I think this is a tough one in a recession."

Lockheed Martin (LMT Quote): "Oh jeez, why is this one not at a 52-week high? I think you have 10 points coming there. That's a well-run company."

Eagle Bulk Shipping (EGLE Quote): "No, I'm going to recommend Frontline (FRO Quote)."

Triple-S Management (GTS Quote): "I think this one is a real buy. I think they're a great situation."

Bare Essentials (BARE Quote): "No, no. I do not like this one. It crashed and burned. I don't want you in that one."

*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 was long Verizon.

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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