Cramer's 'Mad Money Lightning Round': Don't Bet Against the Casinos

Cramer says it's risky shorting Las Vegas Sands, MGM Mirage and Wynn.
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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" Wednesday evening:

Dentsply International

(XRAY) - Get Report

: "That stock goes higher, and if Uncle Ben

Bernanke doesn't loosen

rates, you'll make even more money."

Sun Microsystems

(JAVA)

: The fundamentals are "good and getting better." ... Stock goes higher. I am, right now, for the first time behind Sun Micro."

Cognizant

(CTSH) - Get Report

: "I like management ... but I can't get behind this company. Don'tBuyDon'tBuy ... Only one I'm going to stick with is

Accenture

(ACN) - Get Report

."

Sears Holdings

(SHLD)

: "Still related to housing ... I know he's

Chairman Eddie Lampert buying back stock ... I don't see any light at the end of the tunnel unless the

Fed

cuts radically. Cramer says it's hard to "turn the tide against the housing tsunami."

Paccar

(PCAR) - Get Report

: "Overlooked vs.

Cummins

(CMI) - Get Report

... and every bit as good as Cummins."

Sara Lee

(SLE)

: "No upside to Sara Lee. I think it's a Don'tBuy situation. ... Everybody likes

Kraft

(KFT)

and

Pepsi

(PEP) - Get Report

, and those are the two that are going up."

Microsoft

(MSFT) - Get Report

: "I would rather watch

Sherwin Williams

(SHW) - Get Report

paint dry or own Sherwin Williams than own Microsoft." In tech, Cramer would go with

Hewlett-Packard

(HPQ) - Get Report

,

Cisco

(CSCO) - Get Report

and

Intel

(INTC) - Get Report

.

Image placeholder title

Paetec

(PAET)

: Cramer likes

AT&T

(T) - Get Report

and

Verizon

(VZ) - Get Report

more.

Biovail

(BVF)

: "Second rate.

Amgen

(AMGN) - Get Report

starting to move,

Schering-Plough

(SGP)

doing a bond offering,

Gilead

(GILD) - Get Report

busting out and

Celgene

(CELG) - Get Report

. And you want Biovail?"

Tyco International

(TYC)

: "There's value in Tyco."

Annaly

(NLY) - Get Report

: "My No. 1 name if the

Fed

cuts."

Las Vegas Sands

(LVS) - Get Report

: "You're going to get hurt" if you short the casino hotels, Cramer said. He also likes

MGM Mirage

(MGM) - Get Report

and

Wynn

(WYNN) - Get Report

.

*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 Hewlett-Packard and Sears Holdings.

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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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 TheStreet.com. 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 TheStreet.com, 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.