Cramer's 'Mad Money Lightning Round': Lowe's Going Higher

Cramer says the stock will rebound after the market's misinterpretation of what he thought was a good quarter.
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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" Tuesday evening:

Jacobs Engineering Group

(JEC) - Get Report

: "If you were to start investing with Jacobs Engineering, you could be in for a long-term ... bull market. ... Red-hot."

Superior Offshore International

(DEEP)

: "DEEP is much cheaper than OII (

Oceaneering International

(OII) - Get Report

)," which Cramer also likes. "This stock is too cheap."

Chicago Bridge & Iron

(CBI)

: "They do a lot more business in the Middle East than almost anyone. Chicago Bridge & Iron is one of those stocks that's 5 up and 1 down. ... Let's pull the trigger right now."

Lowe's

(LOW) - Get Report

: "Once again, I saw the market just dump all over Lowe's when I thought we saw a good quarter. ... It's going to come back. ... I like home improvement." Cramer also likes

Home Depot

(HD) - Get Report

and

Sears

(SHLD)

, which he owns for his

Action Alerts PLUS.

Switch & Data Facilities

(SDXC)

: "I like that stock. ... Surprised it's down."

Image placeholder title

Ball

(BLL) - Get Report

: "I think Ball Corp. is probably worth ... 60-65." Cramer said to buy the stock "and buy it aggressively."

Aegean Marine Petroleum

(ANW)

: "No, No. ... Don't buy."

Color Kinetics

(CLRK)

"is too high. I also don't like

Daktronics

(DAKT) - Get Report

."

Ionatron

(IOTN)

: "I still like it, but remember," this is a speculative stock. "It's going to be up big or it's going to be down big." At $5, Cramer said, it's still a good play.

Verizon

(VZ) - Get Report

: "People have continually underestimated Verizon's technology ... and they've underestimated the leadership there. ... I bank with

Chairman and CEO Ivan Seidenberg. I bank with Verizon technology. And I bank with a 3.8% yield."

Dendreon

(DNDN)

: "At this point, this thing is such a battleground, I say don't buy."

Cerner

(CERN) - Get Report

: Cramer called Cerner the No. 1 record-keeping company in the country. "It is so good."

Rite Aid

(RAD) - Get Report

: President and CEO "Mary Sammons is the best CEO in the health care industry, though I do like

CVS

(CVS) - Get Report

. ... She's got the mojo. ... I want you in!" Cramer likes

Walgreen

(WAG)

, too.

*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 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."

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.