'Mad Money Lightning Round': Edwards Lifesciences Undervalued

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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" Tuesday evening.

Sprint Nextel ( S): "They spent so much money on the iPhone, it rings of desperation. I don't like the move."

Kinder Morgan Energy Partners ( KMP): "That's exactly right. I want you to buy that."

Salesforce.com ( CRM): "This is the kind of stock that is not right right now. "

Chesapeake Energy ( CHK): "I think Chesapeake is terrific and it's inching its way to $30."

Toll Brothers ( TOL): "That's the best house in a bad neighborhood and I don't want to own it."

Edwards Lifesciences ( EW): "I can't believe it went back under $70. It's really terrific."

Skyworks Solutions ( SWKS): "Skyworks is OK. It should be bottom here, like it does every year."

International Business Machines ( IBM): "IBM is terrific. I would pull the trigger."

Cree ( CREE): "I have some great stocks here but Cree isn't one of them. Why not look at EMC ( EMC) or Red Hat ( RHT)."

Manulife Financial ( MFC): "It's a financial, so I'm not going to recommend it. "

--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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