Publish date:

Cramer's 'Mad Money Lightning Round': Calling Lundin

Forget Alcoa, Lundin Mining's a hotter takeover prospect, Cramer says.

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

Here's what Jim Cramer had to say about some of the stocks that callers offered up during the "Mad Money Lightning Round" Tuesday evening:

Palomar Medical


"There is some momentum-seller who will not let up here. ... I think PMGI should be bought." But Cramer says he doesn't advocate backing up the truck* until this seller is done.

Joy Global


: "Mining equipment ... is a growth area again. .... I want to buy Joy Global right in Goldman Sachs' face," Cramer said in response to the bank's recent downgrade.

LSI Logic

(LSI) - Get Life Storage, Inc. Report

: "Questionable. ... If you want a turnaround semi ...


(MRVL) - Get Marvell Technology Group Ltd. Report

is the one that has the least down and the most up." Cramer owns Marvell for his

Action Alerts PLUS charitable trust.


(F) - Get Ford Motor Company Report

: "I like the management of Ford." But Cramer says swap out of the common stock and pick up the convertible.

Urban Outfitters

(URBN) - Get Urban Outfitters, Inc. Report

: "Moved all the way up from 18 to 26." Cramer said it's time to take profits.

Image placeholder title

Lundin Mining


: "When I see the incredible froth for a company like


(AA) - Get Alcoa Corp. Report

, I think that Lundin is the heir, the one that will be bought before any. ... I want to back the truck up at $10."

L-1 Identity Solutions


: "I think that Bob La Penta ... is building a powerhouse ... Bob La Penta is a bankable man, and I am sticking with him."


(KMX) - Get CarMax, Inc. Report

TheStreet Recommends

: "


(AN) - Get AutoNation, Inc. Report

and CarMax are both fabulous, fabulous stocks, and I want to own both of them ... Also like

Asbury Auto Group

(ABG) - Get Asbury Automotive Group, Inc. Report


United Auto Group

(UAG) - Get ETRACS CMCI Agriculture Total Return ETN Report

. ... CarMax is too far behind AutoNation, and you should pull the trigger right now."


(SCI) - Get Service Corporation International Report

: "Has gotten its act back together ... a great growth company. ... A bullish stock."

Level 3 Communications


: "LVLT is just terrific here ... it is going to be the bandwidth company of the future ... either acquired by a



or an


(T) - Get AT&T Inc. Report

or a


(VZ) - Get Verizon Communications Inc. Report

... or cash flow positive by the end of the year." Cramer says LVLT remains his favorite under-$7 stock on "Mad Money."

*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


At the time of publication, Cramer was long Marvell Technology Group.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for, Inc., and CNBC, and a director and co-founder of All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of 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, 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 is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.