Cramer's 'Mad Money Lightning Round': Yamana You Betcha

Cramer prefers this gold play to Newmont Mining.
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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" Friday evening:

Newmont Mining

(NEM) - Get Report

: "I would ring the register .... I think that they are asset-challenged. ... That's why I've been featuring

Yamana Gold

(AUY) - Get Report

. ... Buying Yamana and selling Newmont is right."

Anthracite Capital

(AHR)

: "It's a mortgage real estate investment trust. We don't like them. We've been hurt by them."

Mattel

(MAT) - Get Report

: "I also like

Hasbro

(HAS) - Get Report

. ... Mattel is not an expensive stock ... Let me give it 1 1/2 thumbs up, no more than that because I do need a price break to be able to pull the trigger big time."

Philadelphia Consolidated

(PHLY)

: "This is a quality insurer ... the problem is that it's an expensive insurer. ... However, it is well run, and I countenance buying the stock."

Pfizer

(PFE) - Get Report

: "Of all the drug stocks and all the gin joints in the world, that one is not for me. ... I don't like the pipeline. Even more overvalued than

Bristol-Myers

(BMY) - Get Report

." Cramer recommends

Schering-Plough

and

Johnson & Johnson

(JNJ) - Get Report

, both of which he owns for his

Action Alerts PLUS charitable trust.

Image placeholder title

AES

(AES) - Get Report

: "A first-class, House of Pleasure juggernaut." Cramer said it's an international utility company with "fabulous assets in South America. Two thumbs up, way up. Make mine La Familia; that's the best of the tequilas."

Oshkosh Truck

(OSK) - Get Report

: "That stock is all the way down and yet I still will not recommend it."

Qualcomm

(QCOM) - Get Report

: "They have just destroyed their customer base. They're being litigated to death. I want you to sell Qualcomm and sell it nine ways to Sunday."

Applied Materials

(AMAT) - Get Report

: "One of the most dead, flat-line, do-nothing stocks I have come across." Cramer also lumped in

Novellus

(NVLS)

and

KLA-Tencor

(KLAC) - Get Report

. He says he's had it with the semiconductor-equipment stocks.

Chico's FAS

(CHS) - Get Report

: : "They screwed up again. House of pain, train wreck. Take your losses and move on."

LSI Logic

(LSI) - Get Report

: "Of all the semiconductor stocks that reported, that had the single best beat ... Buy LSI, stick with LSI."

*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 Johnson & Johnson 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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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.