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

AT&T (T) - Get Report : "I think they're putting in a bottom."

New York Community Bancorp (NYCB) - Get Report : "This one is too risky. I'd rather have you in a better bank."

Weatherford International (WFT) - Get Report : "It's way too risky. Even the best of the oil companies are not doing well. We're not going to buy that one."

Raytheon (RTN) - Get Report : "I think this was way over down to the downside and that's just crazy."

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.

To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here.

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