Cramer's 'Mad Money Lightning Round': Don't Gamble on Procter

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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" Tuesday evening:

J2 Global Communications ( JCOM): "This is one that I have missed and continue to miss. ... I don't understand why this is a good business at all. ... I don't get it."

3SBio ( SSRX): "It's a pharmaceutical Chinese play. ... I'm gonna stick to the four horsemen of China. ... I am not going down the food chain. That is all I'm going to recommend."

Vimpel Communications ( VIP): "You know, I've missed this Russian market. ... I've been saying if you wanna play telco, you have to do it with Vodafone ( VOD). I am worried about Russia. ... I am not going to recommend VIP."

Annaly Capital Management ( NLY): "Quarter-point rate cut, I think you pick up a buck and a half; 50 points, you're up tp $20 instantly. NLY is the best way to play the rate cut."

E-House (China) Holdings ( EJ): "Ixnay on China-nay. That market is way too high. ... I do not like China."

NexCen Brands ( NEXC): "When I looked at Phillips-Van Heusen ( PVH) and Perry Ellis International ( PERY), I said to myself should I look at this one? It was too small at the time. But I agree with you that it's an interesting speculation. But I would rather recommend it on Speculation Friday than today."

ConAgra Foods ( CAG): "Gary Rodkin, who is the terrific CEO of that company, actually used the phrase "through the roof" yesterday. ... But I am not recommending that stock. It is too hard to recommend any stock that is dependent on commodity prices because we have made it to expensive to feed anything."

Synaptics ( SYNA): "I've not been a big buyer of touch screen. Don'tBuyDon'tBuy."

Synchronoss Technologies ( SNCR): "I think you should buy, take the other side of the trade. They have a really great deal with the iPhone. ... I'm giving you two thumbs up."

ValueClick ( VCLK): "People are still after me, saying, 'Jim, you can't recommend it on a takeover basis.' ... The issue is scarcity. There are very few freestanding companies that can jump-start a Web site the way ValueClick can. ... I think ValueClick will be bought."

Apple ( AAPL): "Apple, Google ( GOOG), Research In Motion ( RIMM), the three remaining horsemen. ... I think Apple is still in good shape. ... We said to take half off... I am sticking with the other half of Apple."

Furmanite ( FRM): "Yes! We like that, that is an infrastructure play. ... I put it in the Foster Wheeler ( FWLT) category."

Procter & Gamble ( PG): "Challenging quarter, I was disappointed. I always expected Procter could manage anything. It just shows you how bad things are right now. ... I would tell you to buy Altria ( MO). And I would rather own Colgate-Palmolive ( CL). I would not recommend Procter and Gamble right now."

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At the time of publication, Cramer was long Altria.

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

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