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Cramer's Lightning Round

Elan : Cramer recommended Biogen and Celgene instead.

Micron Technolgy : Worst of breed, Cramer said. NVIDIA , Texas Instruments or Intel are better.

Merck : “I think it’s time to sell Merck.” Go with Schering-Plough instead, Cramer said.

Amazon.com : This is a house-of-pain stock right now, but once the smoke clears and this market evens out, Cramer thinks AMZN will move again.

UIL Holdings : The utilities are good here, Cramer said, and he likes the 5% yield. He also likes ConEd .

Casual Male Retail : The only retail companies Cramer can get behind right now are American Eagle Outfitters , Kohl’s and Gap .

O Charley's : “Casual dining is just absolutely awful right now.” Cramer likes Chipotle instead.

Qualcomm : QCOM must settle its legal troubles before investors will be willing to put money in this stock, Cramer said.

Wal-Mart : Don’t buy.

Burger King : “Great company.” This is the one part of the restaurant group that’s doing well, Cramer said.

Xcel Energy : Cramer said this is a great utility, but again, he likes ConEd’s yield better.

Hawaiian Electric Industries : Cramer won’t give up on the company because of its 6% yield.

EMC : EMC is undervalued, Cramer said. Under $19, he called the stock “a gift.”

Jim’s charitable trust owns EMC.

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Cramer's New Book