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:
: "Keep looking, keep looking. Don'tBuy. You like everything about that? ... Then you should be buying
, which was unceremoniously dumped." Cramer said that Corning's quarter "was darned good!" He owns the stock for
Action Alerts PLUS, his charitable trust.
, Kroger -- they've not been reporting good quarters. They've been hurt by food inflation. ... I tend to think that these companies do fine over time. They're not that interesting. ... I would trim it back."
: "All mineral stocks are getting hammered here. Every single one of them. ... Here's the way you approach an LMC: You accumulate LMC. We like the combination, the copper, the lead. We like their product portfolio. We have seen that group compressed, and every time it has, we've been right to buy. It'll be no different this time."
: "I want to own my mistakes, my failures, my early calls." Cramer named it as one of his growth stocks of the year, but the stock has since come down. "That's awful. ... I should be whipped, but I still believe." Cramer owns NYSE Eurnoext for Action Alerts PLUS.
: "There were some concentrated raids on all the insurers. ... Listen to me: Prudential is a great company. It is a great company, and it will not founder on subprime, and I think that that stock, which got hit very unfairly, is one of the few financials I want to own."
: Cramer said that CEO Dave Cote "inspires a tremendous amount of confidence. ... He has improved that thing remarkably. ... He is a transforming manager. He's generating a huge amount of cash. ... I want to buy that stock right here. I should've bought it today for my charitable trust. You are right. That stock is great."
Companhia Vale do Rio Doce
: "Stock is down 9% from the high, and suddenly it's over? This is a company that has a hammerlock on all the nickel in the world! I would not give up on this stock. ... In the last year, it's up 114%! ... Stocks that are up huge are getting register-rung. It's the summer -- it happens every year. That just happened to RIO."
: "I felt that there was a lot of unfair stuff said about Apple yesterday. ... I think the raids are over. I think Apple's ready to resume its climb. I am not backing away from Apple at $135. Now, when it gets to $145, I'd do some schnitzeling."
: "Reported a really bad quarter, and people don't think it can be taken over. ... I have been recommending
. ... I cannot get behind Nucor."
Great Lakes Dredge & Dock
: "Remember, I said it was a Russell 2000 play. Once it was added to the Russell, we were ixnay."
: "They just reported a great quarter yesterday! It was great. ... Let's ride that one a little more."
: "It's one of my four horsemen. I caught the big move. Did I overstay my welcome? .. I expect a strong fourth quarter. ... I want to stay put. ... I think a great fourth quarter, and then we leave Amazon."
*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
At the time of publication, Cramer was long Corning and NYSE Euronext.
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."
None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com 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 TheStreet.com, 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 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.