'Mad Money Lightning Round': Alcoa Can Go Higher

To see the full "Mad Money" Recap, please click here.

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NEW YORK (TheStreet) -- 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.

Alcoa (AA Quote): "They just reported a profit. I think it can trade to the high teens. I need to listen to the conference call to be sure, but from the looks of it, I like what I see."

Palm (PALM Quote): "I think you're OK with Palm. I think they're a long-term winner with Palm, but that's a speculative stock, so diversify."

American Axle (AXL Quote): "I've been buying Johnson Controls (JCI Quote) for my charitable trust. I'd be careful with yours; it's only a $6 stock."

Skyworks Solutions (SWKS Quote): "I know the stock is acting doggy. I still think its OK but there's no harm in waiting until they report."

ALLETE (ALE Quote): "It's got a yield that's less than Kinder Morgan (KMP Quote). I'd say no to that one. I've got better stocks out there, "

Medifast (MED Quote): "This fits the profile we want under Obama care. I'd like it to come down though before you pull the trigger."

-- Written by Scott Rutt in Washington

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

*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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