Here's what Jim Cramer had to say about some of the stocks during the Mad Money Lightning Round:

Alibaba (BABA) : "They report May 4 and I expect great numbers. "

First American (FAF) : "No. Anything connected to housing is bad and I'm not going fight the trend."

Coherent (COHR) : "This has been a nightmare. I can't have you sell it down here, it's too low, but I wouldn't buy more."

Ionis Pharmaceuticals (IONS) : "There are competitors coming into that space. I can't fight the trend here either."

Skechers USA (SKX) : "This stock can't stop going down. "

Corning (GLW) : "This one is going down on the T-Mobile US (TMUS) deal. I'll take a pass."

Bank of Internet (BOFI) : "I would buy more. It's been a roller coaster but it's inexpensive. "

Verisk Analytics (VRSK) : "People love it and I like it too."

Cramer and the AAP team say Allergan's (AGN) results were solid. They're holding onto their small, "spec" position that protects against downside. Find out what they're telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts PLUS.

Over on Real Money, Cramer talks about how this market over-rewards winners and over-punishes losers. Get more of his insights with a free trial subscription to Real Money.

You're Invited

Join Jim Cramer on May 5 for TheStreet's Boot Camp for Investors

Meet Jim Cramer and more than a dozen top market experts on Saturday, May 5, in New York for How to Diversify Your Portfolio: A Boot Camp for Investors.

Highlights include:

  • An exclusive market update from Jim.
  • A keynote interview between Jim and PayPal CEO Dan Schulman.
  • Break-out panels with top market experts like Tony Dwyer, chief market strategist at Canaccord Genuity; Mike Hanson, senior vice president of research at Fisher Investments; and Peter Hug, global trading director with Kitco Metals.
  • Roundtable discussions with TheStreet's Carley Garner, Stephen "Sarge" Guilfoyle, Bob Lang and other columnists.
All attendees will also receive a free one-year subscription to our newest premium Web site, Retirement Daily (a $99 value).

Where: The Convene Center, 117 W. 46th St., Manhattan, New York

When: Saturday, May 5, 8:55 a.m.-2:45 p.m.

Price: $149 for Real Money and Real Money Pro subscribers (normal price $250). Includes a free one-year subscription to Retirement Daily (a $99 value)

Get more details or buy tickets here.

Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.

To read a full recap of this episode of "Mad Money," click here.

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

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At the time of publication, Cramer's Action Alerts PLUS had a position in AGN.

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