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

ILG (ILG) : "ILG, Wyndham Worldwide (WYN) and Marriott Vacations Worldwide (VAC - Get Report) are all good situations."

Bank of America (BAC - Get Report) : "This one does the best of all the banks when we get Fed rate hikes. That's why I say buy."

Magna International (MGA - Get Report) : "Everything auto is stalled right now, but I can't say to sell it down here."

Sage Therapeutics (SAGE - Get Report) : "If you want to speculate, this is a great area. If they have something that works, it will be huge. If not, it's going nowhere."

Sprint (S - Get Report) : "I want to own Sprint."

Meanwhile, over on Real Money, Cramer says alternatives to stocks -- things like bonds, gold and real estate -- seem very expensive compared to owning stocks. Get his insights with a free trial subscription to Real Money.

Cramer and the AAP team note that Arconic (ARNC - Get Report) reported very strong first-quarter results. Find out what they are telling their investment club members about the company's proxy battle. Get a free trial subscription to Action Alerts PLUS.

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At the time of publication, Cramer's Action Alerts PLUS had a position in ARNC.