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

AT&T (T) - Get AT&T Inc. Report : "I am willing to endorse AT&T but I really like Verizon (VZ) - Get Verizon Communications Inc. Report ." 

Arrowhead Research (ARWR) - Get Arrowhead Pharmaceuticals, Inc. Report : "This is a great speculative stock."

3M (MMM) - Get 3M Company Report : "I am very concerned about this quarter if they don't do a restructuring."

HollyFrontier (HFC) - Get HollyFrontier Corporation (HFC) Report : "This is a great company. That's a great story."

Brinker International Inc.  (EAT) - Get Brinker International, Inc. Report : "I've always been a fan but everyone likes McDonald's (MCD) - Get McDonald's Corporation (MCD) Report and Wendy's (WEN) - Get Wendy's Company Report ."

Viper Energy Partners (VNOM) - Get Viper Energy Partners LP Report : "I'd say don't buy it up here."

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Cramer and the AAP team are initiating a position in Viacom Inc. (VIAB) - Get Viacom Inc. Class B Report . 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 says the shift from regional to national banks is stark. Get more of his insights with a free trial subscription to Real Money.

Make Money on Closed-End Mutual Funds. TheStreet's Robert Powell recently hosted an all-star panel of experts who explain what you need to know about closed-end mutual funds, an often-overlooked investment class. Click here to register and watch for free.

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.

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