Lightning Round: Walter Energy, City Telecom, Potash and More

Walter Energy : Cramer thinks this industrial metals and minerals company is a good play on China.

Foster Wheeler AG : The Mad Money host would sell FWLT and buy Fluor because it has a "much stronger story than Foster Wheeler."

Freeport-McMoRan Copper & Gold : There are better plays on China, like Yum! Brands , said Cramer, but he gives FCX his blessing.

City Telecom : Cramer thinks this stock should be higher and called it a "buy."

Potash : Although not a fan of fertilizer stocks, Cramer does like Potash as a play on China. He also likes Deere because it's a high-quality machinery company instead of a commodity like fertilizer.

Monsanto : "The estimates finally got so low that Monsanto can beat them and that was the trigger to buy," Cramer said, adding that because the expectations are washed out, this stock is OK to buy.

Cirrus Logic : After Apple's strong earnings report, Cramer thinks this is a stock you want to hold onto through its 52-week high.

When this story published, Cramer's charitable trust owned Apple.

Call Cramer: 1-800-743-CNBC

Questions for Cramer? [e-mail]

Questions, comments, suggestions for the Mad Money Web site ? [e-mail]