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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" Tuesday evening:
: "Blowout quarter last week. ... How 'bout we wait for a pullback before we back up the truck.* ... That company is very high."
( MER): "I'm gonna alleviate any worry for you. First of all, we don't care where our stock's been -- we care where it's going, and Merrill Lynch is not going to have any problems going over $100. ... Very well-run ... trading at 11 times earnings." Cramer said the stock is too cheap and recommended buying right here.
Level 3 Communications
: "This stock is a creeper. ... It goes up a couple; then it pulls back a buck and a half. ... I think this stock is going to finish the year ... at between $7 and $8." Any pullback, Cramer said, is just another opportunity to buy.
: "Let's take a little off the table and go into
, where the real turn" is happening.
Aluminum Corp. of China
: "Ring the register. The Chinese market is overheated. ... I'd rather see you in America than in China."
: "I've been doing a lot of work on
. ... I think that one may be a better-diversified" utilities company. "So let's make that switch."
( PALM): "I need you out of Palm. I would rather see you in
( RIMM). ... That's the one that is doing better. It's got better fundamentals."
Companhia Vale do Rio Doce
: "It is still, along with
," which Cramer owns for his
Action Alerts PLUS charitable trust, "and
, among the cheapest mineral stocks. ... I'm not gonna sell it yet. It's just too darn cheap, too well-run, and ... this thing reeks of monopoly, which we love in Cramerica."
: "Way too inconsistent. It's really hurt a lot of people, the Harry Potter play. ... I'd rather see you in
Barnes & Noble
," whose quarter Cramer said he liked very much.
: "I want you to sell that. ... Those margins cannot be sustained. ... I said the same for
. ... I want Tesoro and Valero sold."
RF Micro Devices
: "I am not gonna bless RF Micro, not on this show, no way." Cramer recommended
*For all you home-gamers, a 'mon-back opportunity means Cramer would back up the figurative truck and load up on a stock.
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At the time of publication, Cramer was long Freeport-McMoRan.
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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