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Lightning Round: Raytheon, Peabody Energy, Arris Group and More

Raytheon : The stock took a hit on proposed cuts to the U.S. Department of Defense's budget, Cramer said. Cut your position in half on any pop, he added.

Peabody Energy : Cramer is a believer in coal energy. He'd buy BTU right now.

Arris Group : This communications company is just too inconsistent for Cramer.

NovaGold Resources : Cramer likes this gold miner, which he said has the largest gold mine in North America.

Toreador Resources : The stock is struggling on word the French government may not let this company drill. Cramer thinks it's nonsense, though. He's a buyer.

Procter & Gamble : Cramer would pull the trigger on this stock should it fall to $60 a share.

Cisco Systems : The "Mad Money" host would rather own EMC .

Georgia Gulf : Cramer admits he missed this one. He's waiting for a pullback.

Verifone Systems : This is a good retail phone play and it likely goes higher, Cramer said.

Medtronic : Cramer thinks this stock has flat-lined, but being as medical device makers are being helped by health care reform, he thinks it may go higher.

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

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