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Cramer's 'Mad Money Lightning Round': Dawn of a New Century

Cramer says New Century Financial is not without risk, but he's backing it.

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:

Smith & Wesson


: "A cold stock ever since the federal government gave them blanket immunity. ... Take a little off the table."

Symbol Technologies


: "We are not arbitragers. ... I need you to get out ahead of time. You need to ring the register."


(HAL) - Get Halliburton Company Report

: "Doing great. I actually think this $29 stock is worth $60." But Cramer said it won't go straight up and could go to 25 first. Cramer owns Halliburton for his

Action Alerts PLUS charitable trust.

Sirius Satellite Radio

(SIRI) - Get Sirius XM Holdings, Inc. Report

: "Somebody launched a bear raid against Sirius today

with rumors that Howard Stern would return to regular radio. ... Mel

TheStreet Recommends

CEO Karmazin himself is assuring me that that is not going to happen ... This stock is going to trade 3-4, 3-4, until Mel picks up the phone

and calls


about a merger."

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New Century Financial

(NEW) - Get Puxin Ltd. Report

: "That dividend is not without risk. ... It is a riskier stock than you realize because they are doing some second mortgaging. I say you're right, they're wrong. I'll bet with you."



: "I pulled the trigger for my charitable trust at $25.38. ... Enough is enough" negative sentiment on Yahoo!.

Knightsbridge Tankers


is a good situation that yields 12%, but it's levered to tankers, Cramer said. "That dividend is suspect. Don'tBuyDon'tBuy."



: "Do you mind if we stay with best of breed?" Cramer recommended

International Game Technology

(IGT) - Get International Game Technology PLC Report

, which he owns for his charitable trust.

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 Halliburton, International Game Technology and Yahoo!.

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.