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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" Friday evening: Johnson & Johnson ( JNJ): Cramer was lavish in his praise of the management and its balance sheet, calling the stock a buy. Corning ( GLW): Cramer had doubts about the company because of the weak market for big screen TVs. AK Steel Holding ( symbol): Cramer said the company has been through of the one of the "biggest selloffs" he's seen. As an alternative, he recommended buying Nucor ( NUE) because of its dividend. Chesapeake Energy ( CHK): Cramer had a dim view of the company, noting an article in the Wall Street Journal that said the company was out of cash. He said the viewer would be better off with an oil company in the oil patch with a yield.