'Mad Money Lightning Round': Pepsico Is a Steal

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" Tuesday evening:

Pepsico (PEP Quote): "The stock is down a few points. It's being given away here. You keep buying it and putting it away."

North American Palladium (PAL Quote): "Interesting speculation on a profitable metal. I like that company."

Genco Shipping (GNK Quote): "I have to tell you something: I believe that all of these shipping companies are going to be sending goods to China for the hurricane relief. I like it."

McMoRan Exploration (MMR Quote): "I recommended this one a year ago and it's a terrific company. Stick with it, I still like that group."

Holly (HOC Quote): "No, no, the refining operations are a no-go. I don't want to be anywhere near the refining business."

Systemax (SYX Quote): "This is just another computer company. There's nothing special there at all. That company is just not going to make a good profit."

Arch Coal (ACI Quote): "I think Arch could go to $80. Everybody wants coal overseas, Arch is a super duper buy."

OM Group (OMG Quote): "No, they just blew the quarter, and blew it badly. That was a big miss and you can't own a company that missed that big."

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Jim Cramer writes about all the stock trades in his charitable trust for TheStreet.com in Action Alerts Plus. Recent stocks he's traded in this account include Schering-Plough(SPG Quote), Yamana Gold(AUY Quote) and Inverness Medical(IMA Quote).

*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.