Cramer's 'Mad Money Lightning Round': The Gift of Celgene

Cramer says the biotech is a 'steal' below 60. He also likes Gilead.
Author:
Publish date:

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" Thursday evening:

Morgan Stanley

(MS) - Get Report

: "I like Morgan Stanley. There's no doubt about it. I'm a bull about Morgan Stanley." But Cramer said he likes

Goldman Sachs

(GS) - Get Report

, which he owns for his

Action Alerts PLUS charitable trust, even more. "When Goldman Sachs is down another 5, that, my friends, is better than Morgan Stanley."

Altria

(MO) - Get Report

: "This is a stock to buy on the way down. ... Let's hope that it comes down so we can buy more." Cramer owns Altria for Action Alerts PLUS.

Wachovia

(WB) - Get Report

: "Wachovia Bank's OK here. I'm not going to rave about it." Cramer said he likes

Bank of America

(BAC) - Get Report

more. "That's cheap!"

Rackable Systems

(RACK)

: "I believe that Rackable Systems represents really bad tech." Cramer said to go with one of his four horsemen of tech:

Apple

(AAPL) - Get Report

,

Google

(GOOG) - Get Report

,

Amazon

(AMZN) - Get Report

and

Research In Motion

(RIMM)

. "Those are all better."

"

Celgene

(CELG) - Get Report

down below 60 was just a gift. It was a gift that would keep giving."

Image placeholder title

Potash Corp. of Saskatchewan

(POT)

: "Potash is OK. When it comes to fertilizer, I like to go to Chile. I like to go to SQM (

Chemical & Mining Co. of Chile

(SQM) - Get Report

)."

Annaly Capital Management

(NLY) - Get Report

: "This is a stock that needs interest rates lower." But Cramer said that CEO Mike Farrell "will be able to pull it off. At 14, I would buy more."

Gilead Sciences

(GILD) - Get Report

: "That one's coming down, and so is Celgene. This group does tend to go down when the interest rates go higher. This is the time to get into Celgene and into Gilead."

Knight Capital Group

(NITE)

: "I happen to like Knight. I happen to like the management of Knight. ... But you know what? I don't want to be in Knight. ... I think that whole group is going lower. I don't want to touch them until they're lower."

Rentech

(RTK)

: "It is too speculative."

Cramer also was bullish on

GOL Linhas Areas Inteligentes

(GOL) - Get Report

and

McDermott

(MDR) - 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 Altria and Goldman Sachs.

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.