To see the full "Mad Money" recap, please click here.

Here's what Jim Cramer had to say about some of the stocks offered up by callers on the "Mad Money Lightning Round" Friday evening:

Exxon Mobil ( XOM - Get Report): "It's a bank. Not an oil company. It's my least favorite oil. But my least favorite oil is still better than anything else." Still, Cramer issued a Don'tBuyDontDon'tBuy.

Verizon ( VZ - Get Report): "That's flat-lining. I need you to sell it."

Dell ( DELL) "The problem with Dell is share take by Hewlett-Packard ( HPQ - Get Report)."

Circuit City ( CC - Get Report): I don't like Circuit City ... May I throw in Radio Shack ( RSH)? The play of that group is Best Buy ( BBY - Get Report).

Procter & Gamble ( PG - Get Report): "You know I'm proud of Procter & Gamble. The best managed company in the United States and I wouldn't sell a share!"

Lightning Round


Cramer was bullish on Warren Resources ( WRES), Ciena ( CIEN - Get Report), Tekelec ( TKLC), JDSU ( JDSU), PPG Industries ( PPG - Get Report), Claire's Stores ( CLE), Allscripts Healthcare Solutions ( MDRX - Get Report), Hewlett-Packard ( HPQ - Get Report), Southwestern Energy ( SWN - Get Report), Procter & Gamble ( PG - Get Report), Lions Gate Entertainment ( LGF), American Express ( AXP - Get Report), Cendant ( CD), WellCare Health Plans ( WCG - Get Report), UnitedHealth Group ( UNH - Get Report), Weyerhaeuser ( WY - Get Report), Plum Creek Timber ( PCL), Georgia-Pacific ( GP), Newfield Exploration ( NFX), Hornbeck Offshore Services ( HOS - Get Report), Halliburton ( HAL - Get Report), Motorola ( MOT), Ericsson ( ERICY), Advanced Micro Devices ( AMD - Get Report), Toyota Motor ( TM - Get Report), Syneron Medical ( ELOS), Transocean ( RIG - Get Report) and GameStop ( GME - Get Report).


Cramer was bearish on Exxon Mobil ( XOM - Get Report), Verizon Communications ( VZ - Get Report), Service Corporation International ( SCI), StoneMor Partners ( STON - Get Report), Dell ( DELL), Circuit City Stores ( CC - Get Report), Radio Shack ( RSH), Brocade Communications Systems ( BRCDE), Nokia ( NOK - Get Report), Best Buy ( BBY - Get Report) and IMAX ( IMAX - Get Report).

Interested in more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here. It's a series of articles from Cramer on how to become a better investor. The following table lists some of the rules that Cramer dissects.

1. Pigs Get Slaughtered 2. It's OK to Pay the Taxes
3. Don't Buy All at Once 4. Buy Damaged Stocks
5. Diversify to Control Risk 6. Do Your Homework
7. Don't Panic 8. Buy Best-of-Breed
9. Defend Some Stocks 10. Don't Bet on Bad Stocks
11. Own Fewer Names 12. Cash Is for Winners
13. No Regrets 14. Expect Corrections
15. Know Bonds 16. Don't Subsidize Losers
17. No Room for Hope 18. Be Flexible
19. Quit When Execs Do 20. Patience Is a Virtue
21. Be a TV Critic 22. When to Wait 30 Days
23. Beware the Hype 24. Explain Your Picks
25. Find the Bull Market
Check back for more of Cramer's Rules

At the time of publication, Cramer was long Cendant, EnCana, Halliburton, GameStop, Motorola, PPG Industries and UnitedHealth.

James J. Cramer is a director and co-founder of He contributes daily market commentary for's sites and serves as an adviser to the company's CEO. Outside contributing columnists for and, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for ActionAlertsPLUS. While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here. Listen to Cramer's RealMoney Radio show on your computer; just click here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click here to order Cramer's latest book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." Cramer appreciates your feedback and invites you to send him an email by clicking here.