Lightning Round: Kinder Morgan Energy Partners, Micron Technology, Lithia Motors and More

Kinder Morgan Energy Partners : The market didn't like its secondary offering, Cramer said. A secondary, by the way, is the issuance of new stock for public sale from a company that has already made its initial public offering. Cramer remains bullish on this oil and gas play.

Micron Technology : The trade on this one is over, Cramer said. Sell, sell, sell.

Lithia Motors : This auto dealership operator is "way too speculative," Cramer said. He likes CarMax or AutoNation instead.

Alcoa : Although this has been "an awful acting stock," Cramer said he believes in CEO Klaus Kleinfeld. He remains a buyer of this aluminum producer.

Valero Energy : Cramer doesn't want to own oil and gas refiners right now.

Estee Lauder : Being as wealthy consumers are spending like crazy, Cramer thinks this high-end makeup maker could do well.

Johnson Controls : This stock would be doing a lot better if we weren't in this auto bear market that has to do with gasoline being too high and a sluggish global economic recovery, Cramer said. But he thinks the stock is stuck for the time being.

The Cheesecake Factory : When gasoline goes below $3.50 a gallon, Cramer thinks this stock will soar.

HCA : Cramer is bullish on this health care name.

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

Call Cramer: 1-800-743-CNBC

Questions for Cramer? [e-mail]

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