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Cramer's 'Mad Money Lightning Round': Smith & Wesson Misfires

Cramer says that he's over the firearms maker.

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:

Cramer gave Mexican cement play



two thumbs up. "It's one of the best stocks out there," he said. The turmoil in Thai markets highlights the dangers of foreign investing, Cramer said. But Cemex's exposure to American markets puts it on solid ground.

He's no longer a big fan of

Smith & Wesson


. "I don't like the stock," he said. "We rang the register, and we never looked back."

Cramer doesn't like



, which he lumped in with



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. "They're too hard." He pointed investors to




Cramer likes

Allegheny Tech


as a play on the good times at



. "It makes titanium for Boeing," he said. "It is still too cheap."

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For a caller who asked about

Occidental Petroleum


, he noted that it's heavily tied to crude prices, while a stock like

Exxon Mobil


is less levered to them. "So I settle on



," Cramer said.

"It's a favorite for those who want steady income. It always seems to have a bid underneath it." He also cited

Devon Energy


as a solid play.

Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by

clicking here


Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for, Inc., and CNBC, and a director and co-founder of All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of 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, 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 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, 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, 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 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, 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.