Cramer's 'Mad Money Lightning Round': Celgene's a Buy

It's at another 52-week high, Cramer says, and management's terrific.
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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" Monday evening:

Headwaters

(HW)

: "I think that there's so many better plays in the alternative energy sector.

SunPower's

(SPWR) - Get Report

better.

First Solar's

(FSLR) - Get Report

better. I have to say ixnay on yours. I'd rather go with mine."

XM Satellite Radio

(XMSR)

: "I happen to like

Sirius

(SIRI) - Get Report

better than XM. If the deal fails, Sirius will be more likely to survive than XM. So let's get rid of XM, and let's buy Sirius."

Tribune

(TRB)

: "I think Sam Zell's gonna find that 34 bucks. I think he's gonna do it, because he is a man of his word. Because of that, if I were an arbitrageur, I would be in the stock. But I don't recommend that, so that's why I've been saying sell it if you're an employee."

Blockbuster

(BBI) - Get Report

: "I don't have a good view of this stock right here, so I am going to say Don'tBuy. ... It's too hard for me."

Cummins

(CMI) - Get Report

: "I don't want to walk away from Cummins. I still think it's a world-dominating company. ... But I've been saying, my theme tonight is take a little off the table. ... The overall market could go down 1% to 2%."

Fossil

(FOSL) - Get Report

: "They're doing everything right. My problem is I think the stock reflects that they're doing everything right. I would rather be a seller than a buyer after that better-than-expected quarter."

CIT Group

(CIT) - Get Report

: "If they sell the company, you get 50. If they don't sell it and the economy doesn't pick up, you get 30. ... 8 down, maybe 11 up -- that's not a good risk/reward. I am telling you right here, do not buy CMT."

Amgen

(AMGN) - Get Report

: "I have to tell you, I have not liked Amgen as much as

Celgene

(CELG) - Get Report

. Today, Celgene made another great bet. .. Celgene, another 52-week high. ... I'm sticking by my Buy, and I'm sticking by the management of Celgene, which is terrific."

Caterpillar

(CAT) - Get Report

: "I think we're starting to put behind the notion that this is just an American housing play. ... I do believe that CAT goes down before it goes up. ... Let it come in." Cramer owns Caterpillar for

Action Alerts PLUS, his charitable trust.

Image placeholder title

Arcelor Mittal

(MT) - Get Report

: "I think you've had it. That stock is just ramp, ramp, ramp. ... I'd rather buy the U.S. steel companies."

China Finance Online

(JRJC) - Get Report

: "What an explosive stock that's been. ... That's a home run. ... You bought the stock below $10. Now, this is what you do. ... You take out every penny that you put in. ... The rest, you let run. You will never lose money. You've taken it out. ... That's the way you play it in Cramerica."

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 Caterpillar.

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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