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Here's what Jim Cramer had to say about some of the stocks during the Mad Money Lightning Round Tuesday evening:

Blackstone Group (BX - Get Report) : "This is a private equity company and the stock is so low that I'll bet with them and not against them."

Lannett (LCI - Get Report) : "This is a Washington story and that means don't buy."

PacWest Bancorp (PACW - Get Report) : "The bank stocks are in the crosshairs of the Washington politicians. You can't own them."

Charles Schwab (SCHW - Get Report) : "I can't recommend this stock. They need interest rates to go higher."

Jim Cramer comments on Sears:

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At the time of publication, Cramer's Action Alerts PLUS had no position in stocks mentioned.