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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:

Halliburton (HAL) - Get Halliburton Company Report : "Good company in a bad neighborhood. These stocks are in purgatory right now."

II-VI (IIVI) : "That is a very good company and a good one to own."

JM Smucker (SJM) - Get J.M. Smucker Company Report : "The food business is too hard. Let's wait."

AT&T (T) - Get AT&T Inc. Report : "I like AT&T. They are finding ways to grow. "

Chicago Bridge & Iron (CBI) : "No, this one is too risky."

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Pepsico (PEP) - Get PepsiCo, Inc. Report : "It's a good time to buy PepsiCo. It is the best in its industry."

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At the time of publication, Action Alerts PLUS, which Cramer co-manages as a charitable trust, was long PEP.