Cramer's 'Mad Money Lightning Round': Passing on Palm

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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" Thursday evening:

Loews (L): "I like the mix of business, and I think you want to buy that one. It's come down too much already."

Sprint Nextel (S): "I like Verizon (VZ) and AT&T (T), and I think Sprint is a speculative buy, not as an investment."

Palm (PALM): "I do not have a good feel on Palm. I thought it was going to stop at $7-$8 a share, so I'm going to take a pass."

Wisconsin Energy (WEC): "I like this stock, but I'm a dividend hound so I'm going to send you to Dominion Resources (D) or Consolidated Edison (ED)."

Hologic (HOLX): "I got burned in this one. I didn't like that acquisition they did. They have to show me they have the goods."

Principal Financial Group (PFG): "I don't have any conviction with this one. I'll recommend Travelers Companies (TRV)."

Nokia (NOK): "I'd rather you own Qualcomm (QCOM). They're the guts of most cell phones and that's the way to play cell phones. "

Check out the latest edition of "Cramer's Take on Top-Searched Stocks" on Stockpickr.

*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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