It's Time for the Lightning Round!

Friday, 15 Jun 2007 | 11:27 AM ET

Great Lakes Drudge & Dock : Cramer would back up the truck on GLDD at its present level.

Gerdau AmeriSteel : “I like steel. I like Reliance Steel. I like Gerdau.” Cramer also says the investors have a chance to buy Allegheny Tech 12 points down from where he thinks it should be.

Allis-Chalmers : “Good but not great.” With Halliburton as cheap as it is right now, Cramer would have to go with that.

Lightning Round
Mad Money host Jim Cramer takes viewer calls on all manner of stock investments

Warner Music Group : “That stock at a 52-week low is just an unbelievably bad stock. That dividend is all that keeps it afloat.” Sell, sell, sell!

Air Products & Chemicals : “I think you could tack on 20 more points before that stock got too expensive.”

Seagate Tech : Cramer calls investing in Seagate dead money, and there are too many great stocks out there to waste time with this one.

Petsmart : “That’s a real good company.” This is one of the few retailers, along with GameStop and Sears, that Cramer is recommending right now.

optionsXpress : Cramer says this is one of the cheapest brokerage stocks in the market.

Aventine Renewable : “No! Don’t even look at it.”

Jack in the Box : Cramer says this is one of the best chains on earth. “Jack in the Box is money in the bank.”

Steel Dynamics : The best Cramer can give STLD is a maybe. He’d rather see Home Gamers in Allegheny Tech or Reliance .

CMGI : “It’s just not for me.” Cramer prefers Dynegy if investors want a speculation play.

Jim’s charitable trust owns Halliburton and Sears Holdings.

Questions? Comments? madmoney@cnbc.com

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