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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" Wednesday evening:

Continental Resources

(CLR) - Get Report

: "This is a remarkable decline. All of the high quality ones are down so much, I can't say no. This is where you pull the trigger."

Computer Sciences


: "This is a company that was going to be bought, but now I don't want anything to do with it."

Annaly Mortgage

(NLY) - Get Report

: "I think this is a business model that needs a lot of capital to survive. I'm not going back there again."

Northrop Grumman

(NOC) - Get Report

: "You can't own the defense stocks right now. I'd look at

Lockheed Martin

(LMT) - Get Report

with its good dividend."

Allegheny Energy

( AYE): "No, no, we need that utility to yield more. We've got

Duke Energy

(DUK) - Get Report

earning 6%. That's the way to go."


(MMM) - Get Report

: "The moment this stock starts yielding 5%, I'm a buyer. Until then, keep your powder dry."

NuStar Energy

(NS) - Get Report

: "I'm not sure I want anything to do with crude pipelines. The ones you want for natural gas pipelines are

Kinder Morgan



Enterprise Products Partners

(EPD) - Get Report



( WYE): "Holy cow, they have just killed that stock. We are not going to recommend that company until it yields 5%. "

*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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At the time of publication, Cramer was not long on any stock.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for, Inc., and CNBC, and a director and co-founder of All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of 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, 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 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, 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, 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 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, 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.