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" Wednesday evening:
Continental Resources : "This is a remarkable decline. All of the high quality ones are down so much, I can't say no. This is where you pull the trigger."
Computer Sciences : "This is a company that was going to be bought, but now I don't want anything to do with it."
Annaly Mortgage : "I think this is a business model that needs a lot of capital to survive. I'm not going back there again."
Northrop Grumman : "You can't own the defense stocks right now. I'd look at
Lockheed Martin with its good dividend."
Allegheny Energy : "No, no, we need that utility to yield more. We've got
Duke Energy (DUK Quote - Cramer on DUK - Stock Picks) earning 6%. That's the way to go."
3M (MMM Quote - Cramer on MMM - Stock Picks): "The moment this stock starts yielding 5%, I'm a buyer. Until then, keep your powder dry."
NuStar Energy : "I'm not sure I want anything to do with crude pipelines. The ones you want for natural gas pipelines are
Kinder Morgan (KMP Quote - Cramer on KMP - Stock Picks) and
Enterprise Products Partners ."
Wyeth (WYE Quote - Cramer on WYE - Stock Picks):
"Holy cow, they have just killed that stock. We are not going to recommend that company until it yields 5%. "
*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.
Scott Rutt
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