Lightning Round: McDonald's, Walgreen, Nucor and More

SPX : SPX needs a stronger economy to work, Cramer said. So this stock’s a don’t buy for now.

Kraft Foods : Cramer is bullish on Kraft for the long term. Strong management and a good dividend make this stock a winner, he said.

Quanta Services : This a classic Obama play, Cramer said, referring to the president-elect’s plans for improving alternative-energy sources in the U.S.

Crosstex Energy : Cramer doesn’t trust the dividend, he said. Go with Anadarko instead if you want a natural gas play.

Walgreen : Sell, sell, sell, Cramer said. Drug stores are a tough business right now.

Chipotle : Cramer would rather see investors in McDonald’s .

Pre-Paid Legal : Don’t buy, Cramer said. He thinks PPD’s business model is “questionable.”

Ingersoll-Rand : Cramer thinks IR’s next quarter will disappoint, so sell this stock. Wait for it to come down after the resultant sell-off before buying. Cramer said it could drop to $16 from its present level of $20.

AK Steel : Cramer won’t recommend AK Steel, even at $11. But if Nucor pulls back to the low $30s, the stock might be worth buying.

Allied Capital : The last thing investors need with all the problems in banking, Cramer said, is a leveraged financial company. Sell ALD.

Jim's charitable trust owns Quanta Services.

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

Contact Mad Money

  • Showtimes

    Monday - Friday 6p ET
    Saturday 8a, 1p, 7p SYD
    Sunday 12a, 1a, 8a, 7p SYD
    New Zealand
    Saturday 10a, 3p, 9p NZ
    Sunday 2a, 3a, 10a, 9p NZ
  • 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."

Mad Money Features

  • Grab the latest CNBC gear from the NBCUniversal Store!

  • Get a behind-the-scenes look at how Cramer formulates his investment advice. "Inside the Madness" is a column, which features e-mails and more with Cramer and his researcher Nicole Urken.

  • You’ve always wanted to hit the “Hallelujah!” button. Here’s your chance.

Mad Money Moments

Cramer's New Book