Cramer's 'Mad Money Lightning Round': Seeing Upside in Ciena

The fiber glut is over and the orders are back, Cramer says.
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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" Thursday evening:

News Corp.

: "Hitting on all cylinders. ... Fox News Channel ripping the cover off the ball. Newspapers on fire, too. But it

the stock never moves. In the end, it's considered old media. I'm staying bullish on News Corp. I would buy it." But Cramer said don't expect anything.

Chico's FAS

: "That is a show-me stock. Until I'm seeing and shown, Don'tBuyDon'tBuy."

Ciena

: "The fiber glut is over, the orders are back. Why don't you just do a 'mon back* because Ciena be going to 5."

BE Aerospace

: "A stock on the road, if not on the plane, to 40."

Schering-Plough

: "I think. ... this is the first good quarter of many. ... This now becomes the cheapest drug stock in the book."

Stats ChipPAC

: Cramer said to go into

Agilent

instead.

"

Goldman Sachs

is wearing golden slacks. This stock has 225

in it. ... I need you to back up the truck on any weakness."

Altera

: "I need you to sell Altera, it's not good. I want you right now to buy

Advanced Micro Devices

.

Southern Copper

: "I think it falls back to 90 ... I think you wait to 90 and you pull the trigger."

Canadian National

: "Would you mind if we look north of the border and go buy some Canadian Nat, which is the cheapest railroad I follow?"

Cooper Tire

: "I need you to swap out of and buy

Cooper Industries

."

Coldwater Creek

: "Best regional national mall story out there ... We could put 10 more in New York alone. Two thumbs up, way up."

BHP Billiton

: "I rang the register the other day ... give it three days, and pull the trigger at 41, best-of-breed mineral play, and then you could stay with it to 50."

Lightning Round

Cramer was bullish on

News Corp.

(NWS) - Get Report

,

Ciena

(CIEN) - Get Report

,

BE Aerospace

(BEAV)

,

Schering-Plough

(SGP)

,

Agilent

(A) - Get Report

,

Goldman Sachs

(GS) - Get Report

,

Advanced Micro Devices

(AMD) - Get Report

,

Canadian National Railway

(CNI) - Get Report

,

Cooper Industries

(CBE)

,

Coldwater Creek

(CWTR)

and

BHP Billiton

(BHP) - Get Report

.

Image placeholder title

Cramer was bearish on

Chico's FAS

(CHS) - Get Report

,

Stats ChipPAC

(STTS)

,

Altera

(ALTR) - Get Report

,

Southern Copper

(PCU)

and

Cooper Tire & Rubber

(CTB) - 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 BHP Billiton and Schering-Plough.

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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