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

Qualcomm ( QCOM - Get 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."

W&T Offshore ( WTI - Get 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 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.

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