'Mad Money Lightning Round': Wait for Wachovia

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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:

Wachovia (WB): "This is run by Bob Steel. He's as close as we're going to get to a great banker. I think he's going to make this a great company. "

Energy Transfer Partners (ETP): "This is another one of these gas gathering stocks with a great yield. I think the dividend is safe, I like it."

Continental Resources (CLR): "The is the best play on the Dakota natural gas business. I don't think it's safe to bottom fish in this sector yet."

Leggett & Platt (LEG): "This one had a good quarter. I think its had too much of a run already, though. I think you should sell it and move into another early cycle stock like Lowes (LOW)."

BP (BP): "I think the 5% yield is safe but that stock is going nowhere. I'm going to put it in the "don't buy" camp."

Atlas Energy Resources (ATN): "It looks like the big selling is over. I think the yield is safe and we can't walk away from these stocks. It's time to buy."

Ambac (ABK): "If the Treasury cleans up the mess, then you'll make some money, but I'd rather be on the sidelines for this one."

Elan (ELN): "No can do. Too hard. I think its a big no right now."

Pitney Bowes (PBI): "Problematic. I have companies making the quarter getting killed, I don't need ones that miss the quarter."

Petroleo Brasileiro (PBR): "I think this one is a buy here and is actually growing. This one I want to get behind."

Consol Energy (CNX): "I'd rather see you in Equitable Resources (EQT). I believe that natural gas is the way of the future. I just don't trust coal in this political environment."

*For all you home-gamers, a 'mon-back opportunity means Cramer would back up the figurative truck and load up on a stock.

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