Cramer's 'Mad Money Lightning Round': A Penney for Your Thoughts

Cramer says the reinvigorated retailer J.C. Penney is not just for Venetian blinds anymore.
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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:

Wal-Mart

(WMT) - Get Report

: "Wal-Mart's best days are over. ... No pin action. ... Warren Buffett could buy anything. Did he buy the so-called value of Wal-Mart? No, he bought

Target

(TGT) - Get Report

. Two thumbs down

Wal-Mart, way down."

Sina

(SINA) - Get Report

: "Like

Baidu

(BIDU) - Get Report

, like

Tom Online

(TOMO)

, these are all too hard for me. ... I want you to stay away from Chinese Internet plays. They just don't work."

Wind River Systems

(WIND)

: "Consulting software ... I have always been wary of that. ... Be in

Oracle

(ORCL) - Get Report

, which is going to come down tomorrow off of

CA

(CA) - Get Report

, maybe, and then you snap some up."

Federated Department Stores

(FD)

: "Had great same-store sales ... and yet the stock didn't rally. ... I wouldn't buy Federated until it went under $40. ... How 'bout how great that

J.C. Penney

(JCP) - Get Report

was? ... America's best retailer, and not just for Venetian blinds anymore!"

CKX

(CKXE)

: "I am telling you to sell CKX."

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Charter Communications

(CHTR) - Get Report

: "SellSellSell. Absolutely, it's overvalued."

Rite Aid

(RAD) - Get Report

: "You see the action in it? Despite the fact that

CVS

(CVS) - Get Report

was down ... That stock's goin' to 5."

Arena Pharmaceuticals

(ARNA) - Get Report

: "It is not a three-week play or a three-month play. ... It is a play on anti-obesity and anti-diabetes... You have got to do a 'mon back* after that ridiculous downgrade."

North American Palladium

(PAL)

: "Platinum mining is a good business. I don't want to own that stock. ...

Lundin Mining

(LMC)

is your play for mining. It's got zinc, it's got copper. It's got mojo."

Norfolk Southern

(NSC) - Get Report

: "Beautiful quarter. Stock's been on a tear." But Cramer prefers

CSX

(CSX) - Get Report

.

Aluminum Corp. of China

(ACH) - Get Report

: "You don't have to go halfway around the globe to find a bad aluminum company. We have plenty of them here. The only one I'll bless is

Alcan

(AL) - Get Report

, and that's only one thumb up."

*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 from his latest book by

clicking here

.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

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