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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.

Noble Energy

(NBL) - Get Noble Energy, Inc. Report

: "I think oil is peaking short term, so this stock could go down $5. Then it'll be a buy."

Qualcomm

(QCOM) - Get Qualcomm Inc Report

: "Everyone is buzzing that there's an oversupply of tablets and that's causing every stock to come in. Do we have a glut? People are shooting first and asking questions later. I say let them come in, then we'll take another look."

Global Industries

(GLBL)

: "I think oil is going to have a rocky road which may cause some profit taking. When it does, buy, buy, buy."

MEMC Electronics

(WFR)

: "This company has solar as well as semiconductor. I think it's dirt cheap, I'm going to stick with it right here."

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W&T Offshore

(WTI) - Get W&T Offshore, Inc. Report

: "I believe that they're a terrific driller, but if Obama doesn't allow more drilling, they're not going any higher."

The Blackstone Group

(BX) - Get Blackstone Inc. Report

: "I think they're doing well and could go to $20, but I don't really know what they own, and that's too risky. I want something more diversified with a dividend."

--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.

Want more Cramer? Check out Jim's rules and commandments for investing by

clicking here

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