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" Monday evening:

Occidental Petroleum ( OXY): "Fifteen points undervalued. ... They got the oil, they got the gas, and they got the chemicals. What's not to like? Let's do a 'mon back.*"

Payless Shoe ( PSS): "I think that stock goes to 14, and even there I'm not tempted."

3M ( MMM): "Lenny 'Nails' Dykstra likes it. I don't like it. I think it's the headless horseman."

Distributed Energy ( DESC): "I would wait for a pullback before I do a 'mon back!"

Northrop Grumman ( NOC): "I recommend a buy on it. One of the few bull markets we have out there is defense."

Kroger ( KR): "I am cognizant that these supermarkets are back on track. That said, I would rather you be in Safeway ( SWY)."

Medtronic ( MDT): "Paddles. Clear. Nothing!"

Intel ( NTC): "Intel's the house of pain. There's no denying it. I feel like I'm wearing a Nehru jacket at the prom."

Fifth Third Bank ( FITB): "I don't like FITB. There's miserable pin action when it comes to the banks."

Compuware ( CPWR): "I would gladly sell that stock for one ticket to the Super Bowl in Detroit. ... It's overvalued."

Bank of America ( BAC): "They need a change of management."

Grey Wolf ( GW): "I'm not backing away from Grey Wolf. I'm doing a 'mon back on Grey Wolf."

Sovereign Bank ( SOV): "I would sell Sovereign Bank nine ways to Sunday. You should get out of it."

Sysco ( SYY): "Get in there before the stampede starts."

Annaly Mortgage ( NLY): "They renamed that stock. It's now called the House of Pain. ... I think the stock goes down to 11."

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

Lightning Round

Bullish

Cramer was bullish on Occidental Petroleum ( OXY), Sears Holdings ( SHLD), Johnson Controls ( JCI), FX Energy ( FXEN), Ameren ( AEE), Northrop Grumman ( NOC), L-3 Communications ( LLL), Alliant Techsystems ( ATK), General Dynamics ( GD), Safeway ( SWY), Whole Foods Market ( WFMI), Charles Schwab ( SCH), E*Trade Financial ( ET), Ameritrade ( AMTD), Intel ( INTC), Edge Petroleum ( EPEX), Ethan Allen Interiors ( ETH), American Standard ( ASD), Grey Wolf ( GW), Abraxas Petroleum ( ABP), Schlumberger ( SLB), Nabors Industries ( NBR), Halliburton ( HAL) and Sysco ( SYY).

Bearish

Cramer was bearish on Payless ShoeSource ( PSS), 3M ( MMM), Distributed Energy Systems ( DESC), NGAS Resources ( NGAS), Arch Capital Group ( ACGL), Medtronic ( MDT), Fifth Third Bancorp ( FITB), Compuware ( CPWR), Leggett & Platt ( LEG), Bank of America ( BAC) and Sovereign Bank ( SOV).


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 Alliant Techsystems, Intel, Halliburton, Occidental Petroleum and Sears Holdings .

James J. Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, 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.