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

Verizon (VZ) - Get Report : "I like Verizon, it's been a great stock." 

Randgold Resources (GOLD) - Get Report : "I like physical gold, but also like Randgold. You can buy it here."

Nektar Therapeutics (NKTR) - Get Report : "Many companies are doing what Nektar is trying. It's a very interesting spec play, although I like Alkermes (ALKS) - Get Report too." 

Bank of America (BAC) - Get Report : "I would like to see what they're allowed to do with their dividend, but if the Fed raises rates, Bank of America is a buy." 

Eagle Bulk Shipping (EGLE) - Get Report : "I do not like the bulk shippers." 

Over on on Real Money, Cramer says this pullback is exactly what the markets need to shake out the weak hands and get better owners in for the long haul. Check out his analysis with a free trial subscription to Real Money.

Cramer and the AAP team say they are currently restricted on Southwest(LUV) - Get Report , but if they could, they would be adding to their position today on the broader market selloff. Read what they're telling their investment club members. Get a free trial subscription to Action Alerts PLUS.

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