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

Forget Alcoa, Lundin Mining's a hotter takeover prospect, Cramer says.
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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" Tuesday evening:

Palomar Medical

(PMTI)

"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

(JOYG)

: "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 Report

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

Marvell

(MRVL) - Get Report

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

Action Alerts PLUS charitable trust.

Ford

(F) - Get 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 Report

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

Image placeholder title

Lundin Mining

(LMC)

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

Alcoa

(AA) - Get 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

(ID)

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

CarMax

(KMX) - Get Report

: "

AutoNation

(AN) - Get Report

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

Asbury Auto Group

(ABG) - Get Report

and

United Auto Group

(UAG) - Get Report

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

Service

(SCI) - Get Report

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

Level 3 Communications

(LVLT)

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

Qwest

(Q)

or an

AT&T

(T) - Get Report

or a

Verizon

(VZ) - Get 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.

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