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'Mad Money Lightning Round': Hold on JC Penney

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

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" Thursday evening.

Paccar (PCAR): "Paccar reported bad numbers while Cummins (CMI - Get Report) reported great numbers. Sell Paccar and pickup some Cummins."

Amerigroup (AGP): "I have to go with best of breed here and that's Aetna (AET - Get Report). They did a fantastic job over there."

Oxford Industries (OXM): "No, no, no. You have VF Corp (VFC - Get Report), best of breed. You're playing with fire. Don't even think about it."

Transocean (RIG): "I've got Schlumberger (SLB) all the way down or Ensco International (ESV - Get Report). I don't need the Mocando exposure with Transocean."

Telecom Argentina SA (TEO - Get Report): "Argentina is a growth country. I think that's a great idea. Let's see if we can get it at a 5% yield."

JC Penney (JCP): "I'm going to wait two quarters. JCPenney is going to be a difficult company to fix, even for Ron Johnson."

Waste Management (WM): "I'm sorry, that was a bad quarter. They need to come on the show, I can't recommend them just on yield. " (BIDU - Get Report): "That's the only Chinese stock I'm recommending. That's one stock worth owning."

Ariba (ARBA): "I have tried to understand this one. I can't get my arms around it. I just don't understand how they make their money."

--Written by Scott Rutt in Washington, D.C.

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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.

Want more Cramer? Check out Jim's rules and commandments for investing by clicking here.

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