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NEW YORK (

TheStreet

) -- Here's what Jim Cramer had to say about some of the stocks that callers offered up during the "Mad Money Lightning Round" Wednesday evening.

Walter Industries

(WLT)

: "I think the company wants to bring out value; so it might be a takeover target. I like it."

News Corporation

(NWS) - Get Report

: "We needed to see the headline risk go away and it has. This is a great company that should be bought. They have a ton of cash and it has earnings power."

Freeport-McMoRan

(FCX) - Get Report

: "Japan is back on line and China is still growing. Freeport returns a lot of capital to shareholders and I like it."

Alcoa

(AA) - Get Report

: "This is an undervalued company that's running on multiple cylinders. It's cheap."

Express Scripts

(ESRX)

: "My charitable trust owns it and it's doing OK. I'm holding onto it, I think it's a good hold."

Wendy's

(WEN) - Get Report

: "I've got

McDonald's

(MCD) - Get Report

, why do I need the biggie fries from Wendy's. I say buy McDonald's and sell Wendy's."

--Written by Scott Rutt in Washington, D.C.

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*For all you home-gamers, a 'mon-back opportunity means Cramer would back up the figurative truck and load up on a stock.

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clicking here

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