'Mad Money Lightning Round': Dip Into Deere

07/08/08 - 07:33 PM EDT

Scott Rutt

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" Tuesday evening:

Deere & Co. (DE Quote - Cramer on DE - Stock Picks): "I bought some for my trust. It's down 30 points and it just doesn't belong that low. I think it's way overdone. "

CONSOL Energy (CNX Quote - Cramer on CNX - Stock Picks): "This was an ugly situation and people were jumping out the window. When that happens, I'm a buyer. "

Time Warner (TWX Quote - Cramer on TWX - Stock Picks): "No, if I want media, I suggest Comcast (CMCSA Quote - Cramer on CMCSA - Stock Picks). Buyback, dividend, that's the one to buy."

NYSE Group (NYX Quote - Cramer on NYX - Stock Picks): "NYX has been one of the worst things I've done on this show. I can't buy NYX here, I can barely look at it here. I got hurt severely with this one. "

Ariba (ARBA Quote - Cramer on ARBA - Stock Picks): "For as bad as newspaper stocks have been, the Internet stocks have been pretty good. Google (GOOG Quote - Cramer on GOOG - Stock Picks) is good, and so it Arriba. Even Yahoo! (YHOO Quote - Cramer on YHOO - Stock Picks) is good with Icahn."

Chesapeake Energy (CHK Quote - Cramer on CHK - Stock Picks): "This is the big test in natural gas. If the stock holds after their big share offering, then it goes higher. If not, we're in for some pain."

*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.

At the time of publication, Cramer was long Deere & Co.

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."

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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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