Here's what Jim Cramer had to say about some of the stocks during the Mad Money Lightning Round:

Groupon (GRPN) - Get Report : "They're doing an amazing job."

Applied Materials (AMAT) - Get Report : "I think this one has been overly punished and is a buy."

Cara Therapeutics (CARA) - Get Report : "This company's been a big disappointment. "

Watsco (WSO) - Get Report : "I like heating and air conditioning. I think you buy it right here."

Adobe Systems (ADBE) - Get Report : "They keep delivering and delivering and I still like it even up here."

CBRL Group (CBRL) - Get Report : "I like that special dividend. They're fine by me."

Pilgrim's Pride (PPC) - Get Report : "No, no, we do not like commodity food companies."

Berkshire Hathaway (BRK.B) - Get Report : "This weakness is your chance to buy."

Clovis Oncology (CLVS) - Get Report : "This is speculative and is losing a fortune so I'm going to say don't buy."

Cramer and the AAP team are preaching patience with the banking sector, and are long-term bullish on JP Morgan Chase (JPM) - Get Report , Goldman Sachs (GS) - Get Report , and Citigroup (C) - Get Report . Find out what they're telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts PLUS.

Over on Real Money, Cramer says stocks that do well in a declining rate environment have come roaring back and the crash of oil will only accelerate the move. Get more of his insights with a free trial subscription to Real Money.

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At the time of publication, Cramer's Action Alerts PLUS had a position in JPM, GS, C.