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It's Time for the Lightning Round!

Apple : “Apple Computer is the best-acting technology stock in the book … I don’t trust most of tech until we get to the summer, but not Apple … I think Apple is best in show … pull the trigger.”

Yamana Gold : Cramer thinks gold is a good place to go, and a stock to own is AUY, which is the only gold company that is “completely and utterly replenishing its coffers even as it produces gold. Lets back up the truck at $12.”

SAIC : Cramer had to give up on this one. His problem is that this particular segment of defense spending has slowed a bit. General Dynamics is best in show in this sector, Cramer says.

Genentech : “This stock acted pretty darn well in the selloff.” Home Gamers know that Cramer likes biotech as a defensive play here, but he’s not as sure of Genentech as he is of Celgene , Gilead or Genzyme . But it's still in his top four biotech plays.

Microsoft : “Everybody knows Vista is not selling well,” but Cramer thinks Microsoft at $26 deserves a buy. “The stock is down five points, but that’s an overreaction.”

Diamond Offshore Drilling : Cramer’s pecking order of drillers is very clear: Number one is Transocean , then GlobalSantaFe , and only after that would you pick up DO.

Garmin : “I thought Garmin acted very well today … I put them in the same category as Apple” with the clean quarter they just had. Cramer says let this stock come in at $50 … then pull the trigger multiple times. “What a stock, what a company, what a Lightning Round!”

Jim's charitable trust owns Transocean.

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  • Jim Cramer

    Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

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